📌 Measures to Strengthen the Rupee 💡 Mnemonic: "RESTORE" → Efforts to RESTORE the Rupee! ⏲️ Monetary Policy Measures: ✅ R → Reserves Utilization – RBI sells forex reserves to balance demand-supply. ✅ E → Enhancing Interest Rates – Raising repo rates attracts foreign investments. ✅ S → Swap Agreements – Bilateral currency swaps reduce dollar dependency. ⏲️Fiscal Policy Measures: ✅ T → Tackling Import Dependency – Boosting local production of essential imports. ✅ O → Optimizing Exports – Incentives/subsidies to improve trade balance. ✅ R → Robust Infrastructure – Lowering production costs enhances competitiveness. ✅ E → Encouraging Foreign Investments – Policies to attract stable FDI https://t.me/prelims_tricks