Rupee gains sharply as RBI unveils steps to attract foreign investors

 Currency market participants said investor confidence improved following the RBI’s policy announcements, particularly after the central bank emphasised that India’s foreign exchange reserves remain strong enough to cushion the economy against external disruptions. Currency market participants said investor confidence improved following the RBI’s policy announcements, particularly after the central bank emphasised that India’s foreign exchange reserves remain strong enough to cushion the economy against external disruptions.