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RBI turns to a rare 2013 crisis playbook to stop rupee sliding to new lows

Economy
Published on 4 May 2026
RBI turns to a rare 2013 crisis playbook to stop rupee sliding to new lows

A special NRI dollar window could be back

As the rupee sinks to fresh record lows alongside oil above $100, the RBI is revisiting emergency tools last used during the 2013 crisis. Officials are weighing a special NRI dollar deposit window and even potential tax relief for foreign investors in bonds. With reserves under pressure and dollar outflows rising, the goal is to pull in new dollar inflows quickly.

  • Rupee hitting fresh lows as oil stays above $100
  • RBI is considering crisis-era measures from 2013
  • Possible NRI dollar deposit window to boost dollar inflows
  • Tax relief for foreign bond investors is also under discussion
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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