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Clues by NC Team • 9 Jan 2019, Wednesday

According to data from the RBI, Foreign Direct Investment (FDI) inflows into India touched a six-month high in October 2018 at $6.54 billion. FDI inflows in April were $6.7 billion. The increased flows were primarily driven by the rupee depreciation which hit a record low of 74.48 a dollar on October 11, making it Asia’s worst-performing currency. In November, according to the World Bank’s Ease of Doing Business Index, India jumped 23 places to rank 77th, becoming the top-ranked country in South Asia for the first time and third among the BRICS nations. 

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