RBI's Forex Push May Bring USD 40-50 Billion Into India In FY27: Report
New Delhi, June 12 -- The Reserve Bank of India's latest measures to boost foreign currency inflows are expected to bring in USD 40-50 billion in the current fiscal 2026-27, local brokerage Motilal Oswal Financial Services said in a report on Friday.
The report highlighted that the RBI's recent move mirrors a similar initiative introduced in 2013, which led to Foreign Currency Non-Resident [FCNR(B)] deposits inflows of USD 27 billion and overall NRI deposit inflows of USD 34 billion.
The RBI and the government recently announced a slew of measures to boost foreign currency inflows, support rupee and improve banking system liquidity. They include special facilities for FCNR(B) deposits and external commercial borrowings (ECBs), removal o...
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