₹136 Billion FCNRB Deposits: Can RBI's Big Rupee Boost Trigger A Market Rally?

RBI's $136 billion FCNRB deposit inflow has provided an additional cushion for the Indian rupee amid rising crude oil prices and global market volatility. Sharad Avasthi, Head of Research (PCG), SMIFS, explains how these deposits could support currency stability and how changes in debt and equity taxation may attract foreign investment. The discussion also explores improved quarterly earnings, FDI flows, potential FII inflows, and the outlook for Indian markets. Understand how RBI and SEBI measures, stronger bank deposits, and bond inflows could shape the rupee's future and whether the worst of the market correction may already be priced in.