New Delhi: India's foreign exchange demand is increasingly moving beyond major metropolitan centres, with Tier-2 and Tier-3 cities together accounting for 53 per cent of overall forex demand, according to Thomas Cook India's Forex Report 2026.
The report, based on Thomas Cook India's transaction data between April 2025 and March 2026 across leisure travel, education and corporate travel, showed that Tier-1 cities, including metros, accounted for 47 per cent of forex demand. Tier-2 cities contributed 41 per cent, while Tier-3 cities accounted for another 12 per cent.
