RBI's FCNR Move Explained: Can NRI Deposits Strengthen The Rupee? | Nischal Maheshwari

The Reserve Bank of India's special FCNR deposit scheme for NRIs is being seen as a major step to support the rupee and improve liquidity across the financial system. Market Experts Nischal Maheshwari believe the initiative could attract more than $50 billion in foreign currency inflows, providing a strong cushion against external volatility while helping ease funding pressures. With credit growth remaining robust, additional liquidity could benefit banks and NBFCs, making them key beneficiaries of the RBI's latest move. In this conversation, Maheshwari explains why the FCNR scheme could be a game-changer for India's financial sector, how it may influence the rupee's trajectory, and what investors should watch in the months ahead.