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Reserve Bank Efforts to Attract Foreign Exchange Will Only Fend Off Rupee's Fall Temporarily: Expert_我的网站

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一 |     The Indian rupee has shrugged off its early gain of up to 0.5 percent on Thursday trading, as experts predicted more depreciation despite a slew of measures announced by the Reserve Bank of India to boost foreign exchange.,The rupee rose as much as 0.5 percent making the dollar worth 78.90, but it lost momentum in the afternoon, touching 79.255 per dollar in day trading.,"A few weeks back, the RBI tried to control the rupee's fall, but that proved to be short-lived. The measures announced by the RBI on Wednesday will temporarily hold the rupee's fall. Still, it will not last long as the demand-supply gap for the dollar is enormous," Devendra Kumar Mishra, a Delhi-based financial advisor, told Sputnik.,India's central bank exempted commercial banks from cash reserve ratio (CRR) and statutory liquidity ratio (SLR) requirements on foreign exchange deposits into these banks.,The RBI has also removed interest rate caps on deposits invested for more than a year, allowing commercial banks to offer higher interests on foreign currency bank accounts held by non-residents and non-resident external accounts.,Western Investors Set to Return to India, EMEs as Expert Predicts 'Multiple Recessions' in US, EU4 July, 16:14 GMT,Foreign portfolio investors, which removed around $33Bln from Indian equities since the beginning of the year, can now invest in India's short-term bond for less than a year without any limit.,Indian firms can also borrow up to $1.5Bln from foreign lenders, up from the previous $750Mln limit.,Ajay Seth, India's Economic Affairs secretary, said on Thursday that measures provide broad options for prospective investors that may assist the rupee against the dollar.,"We do expect the headwinds to subside over time. Considering the nature of challenges, the measures are also transitory," Seth said.,The RBI data showed that India's total external debt stands at $621Bln against foreign exchange reserves of $593.3Bln as of 24 June, 2022. Of this debt, India will have to pay $267.7Bln in less than a year, and $59.6Bln is due to be paid within the next one or two years. The remaining debt is scheduled to be paid after three years from now.,However, Parag Kar, vice-president of Government Affairs for India and South Asia at Qualcomm, says short-term debt repayment obligations have always been high - in the region of 40 to 45 percent.,"It doesn't matter whether debt obligations are at par or exceed forex reserves, since taking debt and paying up is a continuous process. Hence, we maintain that net outflow on account of this will be small in proportion to forex," Parag Kar said.,The RBI said it has stepped in as required in all segments to alleviate dollar tightness and ensure orderly market functioning. However, observers of currency markets see continued depreciation of the rupee.,"The rupee has strong technical support at 79.50 against a dollar," Anuj Gupta, vice-president of IIFL Securities, claims.,Want to know more? Check out our Koo & Telegram accounts!。    金秋赛场激情开赛传足好礼如约而至!为回馈广大购彩者的支持湖北体彩「金秋开赛,传足添彩」活动正式开启购买传统足彩游戏即有机会领取传足赠票券为观赛再添一份乐趣活动时间自传统足彩胜负彩、任选9场第26103期启动,至活动资金用完2026年10月31日23:59:59结束。活动内容活动期间,在湖北省内体彩实体店购买单票金额16元及以上的传统足彩胜负彩、任选9场彩票未中奖,符合条件可获得赠票,具体如下:胜负彩猜对12场 → 送传足64元赠票券猜对11场 → 送传足32元赠票券任选9场猜对8场 → 送传足64元赠票券猜对7场 → 送传足32元赠票券注:传足赠票券一次性投放,数量有限,先到先得。领券方式及使用购买者通过“湖北体彩服务号”活动页面扫描票面领取赠券,赠券有效期从领取之日起7天,赠券为直减券,一张券只能核销同一种游戏,选定投注金额,需大于等于体验券金额,此券才可以出票并核销成功。活动规则1.赠票按单张计算,如某张彩票有多注符合条件,该张彩票仅赠送1张传足赠票。2.任选9场游戏只猜中8场和7场的场次中,不能包含取消场次,如包含取消场次的彩票则不参与本次活动。3.当期传足赛事取消场次达到2场及以上,则14场胜负游戏、任选9场游戏所有彩票均不参与本期活动。4.单张彩票按最高猜中场次计算,不可兼中兼得,例如某张14场胜负彩票猜中12场,只能获得64元赠票,不再兼中32元赠票。任选9场游戏同样适用此规则。5.活动系统同步开奖时间略有延迟。6.本次活动赠券依循先到先得原则,资金用完即止,活动结束。7.本活动仅限地理位置在湖北省内的满18周岁注册用户参与。

二 | 8.体验券自领取之日起7日内有效,用户每人每期扫票领券次数不超过20次,请在有效期内前往湖北体彩线下门店购彩使用。本券不可兑换现金、不找零,体验券为动态核销码,不可截图及转发,仅限购买传统足彩游戏彩票,购彩金额需大于或等于体验券面额,逾期未使用视为自动放弃。9.湖北省体育彩票管理中心对本活动拥有最终解释权,任何通过作弊手段获取不正当利益的,一经核实取消活动资格。

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