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India increases checks on overseas flows as rupee faces pressure
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India increases checks on overseas flows as rupee faces pressure
India's central bank and market regulator have increased scrutiny of overseas investments by companies and family offices, issuing at least 10 queries over the past three weeks to assess whether investment routes may have been misused.The heightened oversight comes at a time when India's currency has faced pressure from rising oil prices and foreign capital outflows, sources familiar with the matter told Reuters.Authorities have responded with m…
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