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RBI’s forex swap draws $136.37 billion, FCNR(B) deposits drive surge
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Indian Express Economy & Markets
2 Sept 2026
India News

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The RBI revised its FY27 GDP growth forecast to 6.7%. PM Modi emphasized India's 7.8% real GDP growth in Q1 FY27, urging for local consumption and to avoid non-essential spending, noting the importance of conserving foreign exchange for continued growth.

10859122 Reserve Bank of India (RBI)
India's current account deficit widened marginally in the April-to-June quarter from a year ago on the back of higher commodity prices and a wider trade gap, the Reserve Bank of India said on Tuesday.

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The boost to India's forex reserves has given RBI more firepower to support the rupee, which remains one of Asia’s worst-performing currencies.