Neutral impactSector

Why rupee remains weak despite record FCNR flows

Economic Times 22 hrs ago·26 Sept 2026, 1:24 am

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.

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