India's Central Bank notes $40B foreign inflows
Foreign capital inflows into India have increased by more than $40 billion since June, strengthening the central bank's foreign currency reserves. This comes amid efforts to stabilize the rupee and tensions in the Middle East that pushed oil prices above $100 per barrel. These inflows have led to an increase in foreign portfolio investments and pressure on the rupee, prompting the Reserve Bank of India to intervene with $10 billion to maintain stability, even as oil prices have eased to around $90.
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