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The Economic Times

Global Business / The Economic Times

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$100 bn in sight: India is rolling in dollars but what about the rupee?

Two months after the RBI launched special measures to attract foreign currency, banks have mobilised over $40 billion, led by FCNR(B) deposits, with economists projecting inflows could reach $100 billion. The programme is aimed at strengthening India's external defences and ensuring dollar liquidity during global volatility, rather than boosting the rupee, which has remained largely unchanged.

3 Aug 2026 2:36 pm