India attracts $10 billion in NRI deposits under RBI's drive to support rupee: Report

Mansi Agarwal, Published on Jul 14th, 2026

India attracts $10 billion in NRI deposits under RBI's drive to support rupee: Report

India has attracted nearly $10 billion through the RBI's special NRI deposit scheme, aimed at boosting foreign exchange reserves and supporting the rupee, Reuters reported. Inflows picked up following an RBI clarification allowing banks to extend loans to NRIs against foreign-currency deposits. Analysts estimate the programme could ultimately raise $30 billion to $60 billion.

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