The Reserve Bank of India (RBI) is managing an estimated $11 billion financial obligation linked to its foreign currency deposit schemes.
Despite the high cost, the central bank is prioritizing the closure of dollar short positions to stabilize the rupee following record FCNR(B) inflows.
Analysts project that India's Balance of Payments will record a surplus of $60–65 billion for FY27, even with a wider Current Account Deficit.