RBI reforms could draw up to $75bn, boost rupee toward 92-93
RBI announced a package expanding G-sec access for foreign investors, fully hedged FCNR(B) deposits, and concessional forex swaps for PSUs, which analysts estimate could attract $40‑75 billion of foreign inflows and push the rupee to 92‑93 per dollar. The MPC is expected to keep the repo rate unchanged at 5.25% in August.