$57 billion arrives, $30 billion to follow: India eyes $50 billion surplus
On the currency outlook, SBI Research said the rupee's appreciation following the FCNR(B) measures has so far been limited to around 0.1 per cent, compared with a much stronger appreciation after the 2013 FCNR(B) scheme. It expects the rupee to appreciate in the ₹95-95.5 per US dollar range through the end of August and beyond,…
On the currency outlook, SBI Research said the rupee’s appreciation after the FCNR(B) measures has so far been limited to around 0.1 per cent, compared with a much stronger appreciation after the 2013 FCNR(B) scheme. Although the magnitude is expected to differ from 2013.
, it expects the rupee to appreciate in the ₹95-95.5 per US dollar range through the end of August and beyond.
