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FCNR(B) Deposits Strengthen India’s External Financial Stability Framework Why in the News ? The Reserve Bank of India (RBI) has revived the FCNR(B) concessional swap window to attract foreign currency deposits from Non-Resident Indians (NRIs). The initiative aims to strengthen foreign exchange reserves, support the Indian rupee, and enhance resilience amid global economic uncertainty, offering …
Read MoreINDIA’S TRADE DEFICIT WIDENS SHARPLY IN JUNE 2026 Why in the News? Trade Deficit Rise: India’s trade deficit surged over fourfold to $15.3 billion in June 2026, mainly due to a sharp rise in imports of crude oil, gold, and electronics, reflecting growing economic interdependence with major suppliers including US and China. Export Growth: Despite …
Read MoreIntroduction The external sector of an economy encompasses all economic activities that involve foreign currency transactions. Export-import activities, which are the trade of goods and services across international borders. Foreign investment, including direct investments in business operations and portfolio investments in financial assets. External debt, which refers to borrowing from foreign lenders. Current and capital …
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