The Reserve Bank of India (RBI) has attracted $20.72 billion in foreign currency inflows by July 17, primarily from non-resident deposits, significantly bolstering India's balance of payments. This strong response, exceeding expectations, empowers the RBI to manage the rupee amidst global oil price volatility. Economists anticipate further inflows, potentially reaching $80 billion, ensuring India's BoP remains in surplus. For Pakistan, this regional economic resilience, set against a backdrop of volatile crude oil prices, could indirectly influence market sentiment and crude oil price dynamics.
بحوالہ / Source: www.brecorder.com