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The Economic Times

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Where has Indias $73 billion gone? Inside the RBIs great dollar haul

India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains near 95-96 per dollar. The inflows are primarily strengthening RBIs foreign-exchange buffers rather than being used to push the currency higher.

25 Aug 2026 2:03 pm