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Iran says it has agreed Strait of Hormuz shipping route with Oman
A foreign ministry spokesman did not give details but said an agreement with the Gulf nation was “in the final stages”. Source
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RBI sees rupee as undervalued; FCNR(B) inflows cross $32 billion
The Reserve Bank of India’s (RBI) recent measures to attract foreign capital have garnered strong investor response, with banks mobilising nearly $32 billion, largely through Foreign Currency Non-Resident (Bank) or FCNR(B) deposits, while government securities have attracted more than $7 billion in foreign inflows since the June policy measures, RBI Governor Sanjay Malhotra has said.…