Rupee stable despite $37B NRI inflows via FCNR(B)

Rupee stable despite $37B NRI inflows via FCNR(B). The Indian rupee remains flat even as non-resident Indians pumped $37 billion into FCNR(B) deposits, suggesting strong external demand. Typically, such large inflows would boost the rupee, but offsetting factors like capital outflows or RBI intervention may be at play. The anomaly highlights complex forex dynamics amid global uncertainty.

📊 STOCKS: | 🏢 SECTOR: Macro | #LOWIMPACT #Rupee