FX & Currency #india#nri
India Offers Up to 9% Leverage on NRI Deposits, Guarantees Returns Over 7.1% to Bolster Forex Inflows
The Reserve Bank of India has authorized banks to extend loans against foreign-currency deposits from non-resident Indians, with leverage of up to 9 times and guaranteed returns of over 7.1%. The initiative aims to boost forex inflows and strengthen currency buffers, with potential inflows exceeding $80 billion. The move mirrors a 2013 taper tantrum strategy and complements other measures to support the rupee.
Jun 24, 2026 1 source