Can RBI's FCNR Move Shield India From Global Risks And Rupee Pressure?

India's recent RBI measures to attract FCNR deposits have sparked debate among economists and market experts. While many view the move as a timely response to external pressures and currency volatility, concerns remain over India's current account deficit, foreign capital dependence, and global economic uncertainty. In this discussion, Mythili Bhusnurmath, Sr. Journalist & Former Editor, Financial Express, explains why attracting debt inflows may offer short-term relief but may not address deeper structural challenges facing the economy. The conversation also highlights the importance of foreign direct investment, the impact of US Federal Reserve policy, and global geopolitical developments. As markets remain volatile, the focus remains on whether RBI's measures can ensure long-term stability for the rupee and broader economy.