Rupee Gains Strength as Policy Steps Lure FIIs, RBI Records $4.4bn FX Reserve Rise

The RBI reported a $4.4 billion rise in foreign‑exchange reserves over the two‑week period ending June 30, coinciding with a $7 billion influx from FIIs. Commercial paper issuance hit a 55‑month high, and bank credit expanded to 5.6 lakh crore rupees in Q1 FY27, up from 2.4 lakh crore a year earlier.