Due to the expansion in uber-luxury residential options and the depreciating Indian rupee value, NRIs are also foraying into luxury real estate investments with NCR as one of their top choices.

Source: https://www.financialexpress.com/money/why-is-luxury-realty-unlikely-to-witness-a-fall-in-demand/3101034/

Key reforms included the devaluation of the Indian rupee, reduction in import tariffs, and measures to attract foreign investment.

Source: https://seekingalpha.com/article/4640894-inda-great-way-to-diversify-away-from-china?source=feed_all_articles

MUMBAI, Dec 26 (Reuters) - The Indian rupee was barely changed on Tuesday as local dollar demand continued to limit gains even as the dollar index languished close to its lowest level in nearly 5 months.

Source: https://www.marketscreener.com/quote/currency/EURO-US-DOLLAR-EUR-USD-4591/news/INDIA-RUPEE-Rupee-flat-forward-premiums-up-on-rising-Fed-rate-cut-bets-45632908/?utm_medium=RSS&utm_content=20231225

“The Indian rupee eked out opening gains and headed lower following the weaker Chinese currency.

Source: https://www.dailyexcelsior.com/rupee-falls-3-paise-to-close-at-83-36-against-us-dollar/

The Reserve Bank of India saidit is proposing to permit banks with IFSC banking units to offer non-deliverable forex derivative contracts involving the Indian rupee to resident users in the onshore market.

Source: https://indianexpress.com/article/business/banking-and-finance/rbi-permits-banks-to-offer-non-deliverable-fx-derivatives-to-resident-users-8541633/