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For a few dollars more: Inflation bypass can hurt

Posted on June 5, 2026
By Business News Today
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1 min read

For a few dollars more: Inflation bypass can hurt

India's central bank holds interest rates steady despite rising inflation. The focus shifts to stabilizing the rupee with a new dollar deposit scheme. This move aims to attract foreign currency and boost confidence. While offering gains to non-resident Indians, it comes at a significant cost and distorts market rates.