Why rupee remains weak despite record FCNR flows
The $132.98 billion FCNR mobilisation does not mean that an equivalent amount of fresh dollar demand for rupees entered the spot market. The foreign currency is being placed with banks and swapped with the RBI, so the immediate effect is to increase the RBI's foreign currency resources and inject rupee liquidity into the banking system.
Key takeaways
- Category: Sector.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.













