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India’s Central Bank Says Forex Deposit Inflows at $65.4 Billion

Banking & LiquidityCurrency & FXEconomic Data

India raised over $65B via special foreign currency deposits from its 35M-strong diaspora, according to the central bank’s latest figures. The inflow supports external funding and near-term FX liquidity, though it is largely a balance-of-payments/flows update rather than a policy shift. Overall, the news is a modest positive for India’s FX liquidity backdrop.

Analysis

India raised over $65B via special foreign currency deposits from its 35M-strong diaspora, according to the central bank’s latest figures. The inflow supports external funding and near-term FX liquidity, though it is largely a balance-of-payments/flows update rather than a policy shift. Overall, the news is a modest positive for India’s FX liquidity backdrop.

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mildly positive

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