India has attracted more than $73 billion in foreign-currency inflows over the past 11 weeks through incentives targeting non-resident Indian deposits and overseas borrowing. More than $65 billion came through Foreign Currency Non-Resident (Bank), or FCNR-B, deposits, which Nomura expects could approach $80 billion before the incentives expire on Aug. 31. The inflows have helped the Reserve Bank of India limit rupee volatility amid rising energy prices, a widening trade deficit and heavy foreign equity outflows. The rupee was trading at 95.7 per dollar on Tuesday, while IDFC First Bank expects it to settle near 96.50 per dollar by March 2027.