RBI’s FCNR-B push to take forex surplus to $50 billion: SBI Research

SBI Research projects RBI's FCNR-B push will increase India's forex surplus to $50 billion.

The FCNR-B deposit window closes on 30 September 2026.

SBI Research warns that allowing rupee depreciation despite healthy capital inflows may trigger an endless fall driven by a self-fulfilling prophecy.