Wednesday, 15 July, 2026
NRI Windfall: RBI’s Swap Schemes Set to Pull in $85 Billion
By TechShots Studio
Bankers predict India will attract $80–85 billion in foreign capital through the Reserve Bank of India's specialized dollar-rupee swap window. Non-Resident Indian (NRI) savings in FCNR(B) deposits are leading the charge, driven by higher returns from suspended interest rate ceilings. These massive inflows are expected to cushion the under-pressure rupee against global economic turmoil and strengthen the country’s balance of payments.
Read full story at CIO ECONOMIC TIMES