Recently, the new president of the Confederation of Indian Industry (CII) Sanjiv Bajaj urged the government to consider issuing a special issue of Indian millennium bonds to increase foreign exchange reserves. He said India needed to increase its foreign exchange reserves to revive the economy, especially given the capital outflows from foreign institutional investors (FIIs), prompted by an uncertain global environment.
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First published: Wednesday, August 17, 2022. 08:38 IST