The measures announced on Wednesday by Reserve Bank of India RBI to boost foreign exchange inflows should help the rupee to beat its peers in emerging market economies, experts said. RBI said it has been closely monitoring the liquidity conditions in the forex market and has stepped in as needed to alleviate dollar tightness and to ensure orderly market functioning. It has implemented five measures to increase foreign exchange inflows. The Indian rupee has been depreciated by 4.1 per cent against the US dollar during the current financial year, which is relatively new compared to other EMEs and even major advanced economies AEs Abhishek Goenka, CEO of IFA Global, said that RBI has tried to boost short-term dollar inflows with the latest measures. Vivek Kumar, economist at QuantEco Research said pressure on rupee has prompted the central bank to diversify its defence strategy by including macro prudential measures to encourage foreign inflows. We believe it would help the rupee to surpass its peers in emerging market economies. It is unlikely that it will change the adverse global backdrop of strong dollar, heightened geopolitical uncertainty, and still somewhat elevated commodity prices. He said something. On Wednesday, the rupee went up 39 paise, its best single-day gain in over three months, to close at 78.94 against the US dollar after a correction in crude oil, FIIs repositioning in capital markets and strong gains in local equties. Dilip Parmar Research Analyst at HDFC Securities said that the actions will have a positive sentimental impact in the short term but will have a marginal positive impact over the medium term. Parmar said that domestic stability in growth and inflation is needed as well as global inflows for sustainable dollar inflows. With the US dollar hitting a 20 year high, the current policy initiatives are going to help reduce the impact of rising inflation, according to Shravan Shetty, Managing Director of Primus Partners. He said that the measures by RBI will help counter the outflow of dollars seen across asset classes while giving access to capital at a cheaper cost and will help alleviate the impact of higher domestic interest rates. The outlook for the world is clouded by recession risks, according to the statement by the RBI. It said that high risk aversion has gripped financial markets, which has produced surges of volatility, sell-offs of risk assets and large spillovers, including flights to safety and safe haven demand for the US dollar.