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Strong rupee to allow India & ease outbound investment rules
Strong rupee to allow India & ease outbound investment rules
Surging rupee,rising currency reserves & comfortable current-account gap sees RBI consider relaxing rules on outward investments,by domestic co.s to step up their shopping abroad.Uptick in overseas acquisitions would help check on rupee,which is in top performers this year.As strengthening currency helps RBI,keep inflation in check,extra gains threaten to snuff out nascent recovery in exports.
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