#foreign-reserves
Citi sees India tightening currency controls to halt Rupee slump
India may introduce more measures in the coming months to support the rupee and boost foreign reserves, including possible curbs on overseas investments by domestic companies, according to Citigroup. The report said rising oil prices and pressure on the curre…
Citi Sees India Tightening Currency Controls to Halt Rupee Slump
India may take a number of steps in coming months to bolster foreign reserves and the rupee, including possibly restricting outflows from businesses, according to Citigroup Inc.