MARKET MOVES

Full flow FCNR deposits could hit $100 billion, beat estimates

2026-08-24·Economic Times·Impact 2/5 · Moderate

MeridStreet AI summary

FCNR deposits have seen a significant surge in inflows, leading analysts to revise their estimates upwards. This increase is expected to reach $90-100 billion by August 31, surpassing earlier projections of $70-80 billion. The rise in FCNR deposits is a positive sign for dollar mobilisation, indicating that the scheme is attracting substantial foreign investment.

Source reporting

Read the source report: Economic Times →

MeridStreet analysis

Why it matters

Strong FCNR(B) deposit inflows could lead to increased dollar mobilisation. This could improve India's foreign exchange reserves and support the rupee.

Market impact

Impact score

2 / 5

Market signal

Positive / risk-on

Transmission channels

Dollar mobilisation→Foreign exchange reserves→Rupee appreciation→Indian economy boost→Dollar decline

Likely winners & losers

Winners

Indian banks
Rupee

Under pressure

Dollar

Related coverage

RBI's FCNR(B) scheme attracts $41 billion, Jefferies says inflows may double to $80-100 billion Economic Times · 2026-08-07
RBI's FCNR, forex schemes draw $40.81 billion in inflows so far Economic Times · 2026-08-01

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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to Economic Times. For information only — not financial advice.