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RBI’s forex measures draw nearly $32 billion, largely via FCNR(B): Governor Sanjay Malhotra
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RBI Governor Sanjay Malhotra stated that the central bank's forex measures attracted nearly $32 billion, largely via FCNR(B) deposits.
Foreign investors have invested over $7 billion into government securities since June.
Malhotra said the rupee is currently undervalued.
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