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India’s forex demand shifts beyond metros as tier-2, tier-3 cities take 53% share

Sumitra August 16, 2026
Emerging from the shadows of larger cities, smaller Indian towns now contribute to over 50% of foreign exchange demand. The appetite for leisure travel fuels this growth, with travelers aged 25 to 40 at the forefront. The US dollar continues to dominate as the most preferred currency, while digital forex transactions see a promising annual increase.

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