Economy

India Records $136.38 Billion in Forex Inflows, Bolstering Rupee

Reuters1h
THE BRIEF
1

India has successfully attracted $136.38 billion in foreign exchange inflows, significantly strengthening the country's reserves and providing support to the Indian Rupee.

2

The Reserve Bank of India (RBI) reported that a major portion of these inflows came from FCNR(B) deposits, with ICICI Bank alone mobilizing $17.88 billion.

3

This record-breaking influx of capital helps stabilize the currency against global market volatility and bolsters India's external financial position.