Rupee

Fintech Weekly Deep Dive — India’s $41 Billion Forex Firewall | Week of July 27 – August 2, 2026 Executive Summary In eight weeks, the Reserve Bank of India has pulled off what may be the fastest capital mobilisation in Indian central banking history. The concessional forex swap facility announced on June 5, 2026 has attracted $40.82 billion in foreign currency inflows by July 31 — surpassing the entire $26 billion raised under the iconic 2013 FCNR(B) swap window, and doing it in roughly half the time. ...

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. ...