India is reportedly mulling steps to make Dollar inflows more attractive, to help the weak INR, sources suggest; non-resident FX deposit scheme and tax reliefs on foreign government bonds are reportedly being looked into

India's consideration of measures to attract dollar inflows reflects its intent to bolster the weak INR. Potential reforms, such as a non-resident FX deposit scheme and tax incentives for foreign government bonds, could enhance liquidity and investment appeal, possibly stabilizing FX rates in the short-term.