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India FX Deposits to Help Earn More Revenue, RBI’s Malhotra Says
Source: Bloomberg
Banking & LiquidityCurrency & FXMonetary Policy
Reserve Bank of India Governor Sanjay Malhotra said the central bank's record foreign-currency deposit drive will generate, rather than impose, costs. The RBI expects to earn additional income by deploying the dollar inflows overseas, countering concerns over the program's financial burden.
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