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FM Arun Jaitley Announces 5 Measures to Curb Rupee Fall
Against the backdrop of a widening current account deficit, the finance ministry announced a series of measures to boost capital inflows and to curb the depreciation in the rupee. Restrictions on Indian banks' market making in Masala Bonds, including restrictions on underwriting of such bonds, will be removed. Jaitley in the media briefing also said that the government was looking at reducing the non-essential imports and increase exports.
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