India secures $40B in foreign investment

India has attracted over $40 billion in foreign capital since June, contributing to an increase in the Reserve Bank of India's foreign exchange reserves. According to the bank's figures, non-resident deposits denominated in foreign currencies reached $36.72 billion as of July 31. When added to external borrowings, the total inflows rose to around $41 billion. In support of the rupee's stability, the central bank sold approximately $7 billion in July and emphasizes that the recent currency decline reflects geopolitical tensions and market volatility, rather than weak fundamentals of the Indian economy. Additionally, the bank has offered interest rates of up to 7.75% on non-resident deposits to ensure currency stability.

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