India's rupee gains from $40.8B inflow

Data showed that the measures taken by the Reserve Bank of India to attract capital inflows supported the Indian rupee, with total inflows reaching $40.81 billion so far. The bank projected that future inflows would range between $80 billion and $85 billion, supported by continued facilities such as currency swaps and deposits from non-residents. These measures aim to enhance external funding and improve the local currency's position, amid increasing tendencies among foreign companies to list their units on the Indian stock market, mostly through secondary offerings or cautious sales, rather than raising new funds.

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