RBI unlikely to revive FCNR window
- Posted on May 30, 2026
- By Financial Express
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- 1 min read
RBI unlikely to revive FCNR window
India will not reopen a special deposit window as the rupee nears a critical depreciation point, thanks to strong forex reserves and high US dollar interest rates. In 2013, a similar move was made to stabilise the rupee, but with current reserves at $681 billion, reopening the window is unnecessary and could send the wrong […]
