Analysts at TD Securities point out that India raised import duties on a range of products in order to narrow the trade and current account deficit and support INR. Key Quotes “The 19 import products targeted are valued at INR 860bn in terms of imports in the financial year to March 18. Also RBI announced measures to ease the bank liquidity shortage by availing liquidity from the repo markets against high quality collateral (raising the liquidity coverage ratio to 13% from 11% effective Oct 1).” “The immediate impact of these measures should be limited but it adds to the list of measures the government and RBI are implementing to protect the rupee and local markets. The problem however, is that unless oil prices stop rising its hard to keep the rupee from coming under further pressure.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI in a phase of bullish consolidation near $ 72.50 FX Street 4 years Analysts at TD Securities point out that India raised import duties on a range of products in order to narrow the trade and current account deficit and support INR. Key Quotes "The 19 import products targeted are valued at INR 860bn in terms of imports in the financial year to March 18. Also RBI announced measures to ease the bank liquidity shortage by availing liquidity from the repo markets against high quality collateral (raising the liquidity coverage ratio to 13% from 11% effective Oct 1)." "The immediate impact of these measures should be limited but it adds to the list… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
