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India’s $136B Dollar Cushion Isn’t Free: What the FCNR Boom Means for the Rupee and Crypto Traders

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India has reportedly attracted more than $136 billion in foreign currency funding. While this gives much support to the rupee, it also comes with its own risks. As most of the funds came from FCNR deposits, they cannot be considered permane…

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India’s $136B Dollar Cushion Isn’t Free: What the FCNR Boom Means for the Rupee and Crypto Traders
CoinEdition 6h ago

India’s $136B Dollar Cushion Isn’t Free: What the FCNR Boom Means for the Rupee and Crypto Traders

India has reportedly attracted more than $136 billion in foreign currency funding. While this gives much support to the rupee, it also comes with its own risks. As most of the funds came from FCNR deposits, they cannot be considered permane…