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Economics21m ago

Nikhil Gupta, India Economist at CLSA, expects the FCNR deposit scheme and ECB-related steps taken by the Reserve Bank of India (RBI) to bring in $30-50 billion, significantly improving India's balance of payments position.

India

Who
Nikhil Gupta, India Economist at CLSA; Reserve Bank of India (RBI)
What
Nikhil Gupta, India Economist at CLSA, expects the FCNR deposit scheme and ECB-related steps taken by the Reserve Bank of India (RBI) to bring in $30-50 billion, significantly improving India's balance of payments position.
When
Fri, 12 Jun 2026 07:06:38 GMT · 21m ago
Where
India ·
Why
The RBI announced measures to encourage foreign currency deposits from non-resident Indians (NRIs) and ease external commercial borrowing (ECB) rules to attract foreign capital.
The Frontline Impact

How this affects you

The expected $30-50 billion in foreign capital inflows could significantly strengthen India's balance of payments and support the Indian rupee's value, reducing a previously anticipated deficit.

Story chain

3 events in this thread
  1. Currently Reading21m ago
    Nikhil Gupta, India Economist at CLSA, expects the FCNR deposit scheme and ECB-related steps taken by the Reserve Bank of India (RBI) to bring in $30-50 billion, significantly improving India's balance of payments position.
  2. Economics1h 45m ago
    Competition among banks to attract foreign currency deposits from Non-Resident Indians (NRIs) has intensified after the Reserve Bank of India (RBI) announced a special dispensation aimed at boosting US dollar inflows.
    Open article
  3. Economics1h 45m ago
    Competition among banks to attract foreign currency deposits from Non-Resident Indians (NRIs) has intensified after the Reserve Bank of India (RBI) announced a special dispensation aimed at boosting US dollar inflows.
    Open article

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