India’s central bank rejected estimates that its record foreign-currency deposit drive will prove costly, saying the inflows will instead generate additional income for the Reserve Bank of India as it deploys the dollars overseas, Governor Sanjay Malhotra said Friday.
India’s central bank rejected estimates that its record foreign-currency deposit drive will prove costly, saying the inflows will instead generate additional income for the Reserve Bank of India as it deploys the dollars overseas, Governor Sanjay Malhotra said Friday.
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