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India eyes new dollar inflow plan as rupee weakens and reserves come under pressure
Economy
Published on 4 May 2026
A fresh NRI deposit scheme could be back
India’s central bank is exploring ways to pull in more dollar inflows to strengthen foreign exchange reserves and support a weakening rupee. Proposed options include reviving an NRI deposit scheme and cutting withholding tax for overseas investors in government bonds. The discussions come as oil prices rise and capital outflows intensify.
- Central bank is seeking dollar inflows to bolster reserves
- Possible revival of an NRI deposit scheme is on the table
- Withholding tax cuts could target overseas government bond investors
- Moves are driven by rupee pressure, oil prices, and outflows
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times