Updated: Indian government lays out plans to shore up rupee

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By Morgan Davis
17 Sep 2018

The Indian government has put in place new initiatives to attract capital and curb the country’s expanding deficit, including easing fundraising through overseas bonds and loans, which market watchers say are small but important steps.

In a press briefing on September 14, finance minister Arun Jaitley outlined a five-point plan that included encouraging foreign investment into the country.

Why now? The Indian central bank is hoping to curb the rupee’s downward slide, in addition to its growing current account deficit. India’s current account ...

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