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Tier-2, Tier-3 cities account for 53% of India's forex demand: Report

  • Posted on August 15, 2026
  • By Business News Today
  • 1 Views
  • 1 min read
In brief

India's foreign exchange demand is experiencing significant growth beyond metropolitan areas, with emerging markets driving half of the nation's currency transactions. Analysis of travel-related forex activities reveals that smaller cities are increasingly participating in international travel, education abroad, and business expansion. This shift indicates growing middle-class prosperity and globalization effects spreading across secondary and tertiary urban centers, reshaping India's economic landscape and travel patterns.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Tier-2, Tier-3 cities account for 53% of India's forex demand: Report
Tier-2, Tier-3 cities account for 53% of India's forex demand: Report

The report, based on Thomas Cook India's transaction data between April 2025 and March 2026 across leisure travel, education and corporate travel, showed that Tier-1 cities, including metros, accounted for 47 per cent of forex demand. Tier-2 cities contributed 41 per cent, while Tier-3 cities accounted for another 12 per cent.
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Author
Business News Today

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