The Reserve Bank of India's latest measures to attract foreign currency deposits could help revive NRI inflows after growth stalled in FY26, while a parallel shift is underway within the deposit base as NRO accounts emerge as the fastest-growing segment, according to a Bank of Baroda research report.
The report, titled, "How NRI deposits and its components have moved over the years," comes after the RBI announced that it will bear the full hedging cost for banks raising fresh FCNR(B) deposits until September 30, 2026, in a bid to attract foreign capital.
