The $70-billion NRI bet: Can FCNR(B) deposits buy India enough time to defend the rupee?
2 sources·Updated July 28, 2026
Covered by 2 sources
- Economic Times·20h agoForeign capital inflows hit $32 billion as FCNR(B) deposits break 2013 record
India has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures on June 5, Governor Sanjay Malhotra said. FCNR(B) deposits have already exceeded the 2013 record, but strong dollar demand linked to costly oil imports and weak exporter…
Read at Economic Times → - Business Today IN·1d agoThe $70-billion NRI bet: Can FCNR(B) deposits buy India enough time to defend the rupee?
SBI Research estimates that FCNR(B) deposits could reach $65-70 billion under the RBI's special mobilisation scheme, providing a major boost to India's external finances. But despite record NRI inflows, the report warns that sustained rupee depreciation remains a concern and…
Read at Business Today IN →
