The central bank Thursday eased rules for foreign portfolio investors (FPI) to buy local corporate bonds by lifting caps on short-term debt investment limits at a time rate differentials between India and the US are at the narrowest in recent memory.
Rupee at risk? BOP pressure, oil shock and capital flows hold the key, says Rahul Bajoria
The Indian rupee faces potential weakening to 94 against the US dollar by mid-2026 due to rising oil prices and a widening current account deficit.