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.
EU S&P Global Manufacturing PMI Final (Apr) 52.2 vs. Exp. 52.2 (Prev. 51.6); "Over the two months since the war started, the jump in input cost inflation has been far larger than anything previously recorded..."
ECB Survey of Professional Forecasters (Q2'26): Headline and core HICP inflation revised up in the near term, while remaining unchanged further out
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
German S&P Global Manufacturing PMI Final (Apr) 51.4 vs. Exp. 51.2 (Prev. 52.2); "...businesses expecting activity to fall in the coming year now outweigh those anticipating a rise"
French S&P Global Manufacturing PMI Final (Apr) 52.8 vs. Exp. 52.8 (Prev. 50.0)
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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.
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