RBI's Record $136-Billion NRI Deposit Campaign: Closed Early, Windfall and Risks for Traders
The Reserve Bank of India's special FCNR (B) deposit window pulled in a record $136 billion in just 10 weeks, forcing the central bank to shut it down on August 31 – a full month early. The flood of dollars lifted India's forex reserves to a fresh peak of $740.8 billion and left the banking system awash in ₹9.7 trillion of surplus liquidity, the highest in four years. For Indian retail traders, the ripple effects on the rupee, stocks and interest rates are already visible and will persist for years.






























