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FCNR(B) turns litmus test | Explainer

At a time of geopolitical fragmentation, volatile capital flows and uncertain interest-rate cycles, FCNR(B) deposits have become a strategic macroeconomic rupee stabilisation tool, but at the risk of increasing external liabilities

· 7/23/2026, 11:59:01 AM· 2 min read
FCNR(B) turns litmus test | Explainer
At a time of geopolitical fragmentation, volatile capital flows and uncertain interest-rate cycles, FCNR(B) deposits have become a strategic macroeconomic rupee stabilisation tool, but at the risk of increasing external liabilities
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