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The Economic Times

$32 billion inflows from India's forex drive yet to boost rupee

India’s plan to boost inflows into the country has got off to a strong start, with the central bank Governor Sanjay Malhotra saying banks have garnered $32 billion under the various measures announced.

Even so, the inflows have yet to bolster the central bank’s foreign currency assets or significantly ease rupee liquidity in the banking system. The rupee has also seen more muted gains than during a similar drive to tap diaspora wealth in 2013, the year of the taper tantrum.

Here are four charts to illustrate how the measures are showing up in various market metrics:

Muted Rupee

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