RBI and Government Measures Could Drive $40bn Inflows, Supporting INR: MUFG
MUFG analyst Michael Wan says new Reserve Bank of India and government measures could generate about $40 billion in inflows, partially plugging India's FY2026/27 balance of payments and supporting the rupee near term.
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MUFG's Michael Wan has assessed recent Reserve Bank of India and government initiatives and estimates they could attract roughly $40 billion in capital inflows. According to Wan, these measures would partially offset India's balance of payments gap for the fiscal year 2026/27.
The analysis suggests the steps provide near-term support for the Indian rupee, helping to stabilize the currency amid external pressures. No specific breakdown of the measures or timing was provided in the report.
Source: FXStreet Forex News