Shafaqna English– India’s central bank announced on Wednesday that the country has successfully attracted a staggering $136.38 billion in foreign currency inflows through specially designed financial schemes—a figure that significantly exceeded market expectations.
This substantial influx of overseas capital has not only bolstered the nation’s foreign exchange reserves to record levels but has also considerably enhanced the central bank’s capacity to shield the Indian rupee from adverse external shocks, including sudden capital outflows or global financial volatility. The scale of these inflows reflects strong international investor confidence in India’s economic fundamentals and the effectiveness of its policy measures.
The Reserve Bank of India rolled out these special schemes in June, responding to a dangerous confluence of rising crude prices and escalating geopolitical tensions that threatened to tip the country’s balance of payments into deficit.
As India’s reliance on imported energy made it particularly vulnerable to oil price spikes, and the U.S.-Iran conflict exacerbated supply-side uncertainties, the central bank took proactive steps to lure stable dollar inflows. These measures were designed not just to cover the immediate import gap but also to create a sustainable pipeline of foreign capital that could cushion the economy against prolonged external pressures.
Source: Reuters