India could witness up to $85 billion in forex inflows, driven by the Reserve Bank of India's FCNR initiative and higher interest rates boosting deposit renewals.
SBI Research predicts $70 billion in FCNR deposits
Jul 27, 2026
11:54 am
What's the storyIndia is poised to witness a major surge in Foreign Currency Non-Resident (Bank) deposits, with projections of inflows between $65-70 billion by the end of the scheme.
Overall, the country could see up to $80-85 billion in total deposits.
India anticipates substantial Foreign Currency Non-Resident deposits, possibly reaching eighty to eighty-five billion dollars.…
India may now receive Foreign Currency Non-Resident (Bank) deposits in the range of $65-70 billion by the end of the scheme and…
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