Fintech Weekly Deep Dive — India's Capital Account Blitz | June 1–7, 2026
Fintech Weekly Deep Dive — India’s Capital Account Blitz | Week of June 1–7, 2026 Executive Summary In the most dramatic week for Indian macroeconomic policy since the 2013 taper-tantrum defence, the Reserve Bank of India and the Union government unveiled an unprecedented, multi-pronged assault on the crumbling rupee. Between June 3 and June 6, a coordinated barrage of measures landed: the government scrapped all capital gains and withholding taxes on foreign investment in government bonds via an ordinance, the RBI announced it would bear the full hedging cost on fresh FCNR(B) deposits, NRI equity investment limits were doubled, the Fully Accessible Route for government securities was expanded to include ultra-long bonds, export realisation timelines were restored, and the central bank continued its aggressive dollar-selling interventions that have consumed an estimated $12 billion in gold reserves over two weeks. ...