(ET)
The Reserve Bank of India met treasury managers and senior executives of large banks on Tuesday to get the pulse of the market as the rupee plunged to a new low and investors turned cautious on buying more government bonds after rising yields inflicted losses on them, people familiar with the matter said.
This comes amid a falling rupee, which has triggered a slew of regulatory actions aimed at bringing back overseas inflows and cutting import-related dollar payments. The central bank also sought feedback on its July 6 move to liberalise foreign exchange inflows, the people said.
