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RBI's FCNR(B) bet could bring ₹5.2-6.2 lakh crore into India, ease rupee pressure: SBI Research | Collector
RBI's FCNR(B) bet could bring ₹5.2-6.2 lakh crore into India, ease rupee pressure: SBI Research

RBI's FCNR(B) bet could bring ₹5.2-6.2 lakh crore into India, ease rupee pressure: SBI Research

RBI's latest measures to attract foreign currency could bring in ₹5.2-6.2 lakh crore ($55-65 billion) in inflows during FY27, according to SBI Research. The FCNR(B) route, which helped India weather the 2013 taper tantrum, is once again being used to ease pressure on the rupee amid FII outflows and geopolitical uncertainty.

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