Tier-2, Tier-3 cities account for 53% of India's forex demand: Report
Tier-2 cities contributed 41%, while Tier-3 cities accounted for another 12%
According to Thomas Cook India's Forex Report 2026, Tier-2 and Tier-3 cities together account for 53% of overall foreign exchange demand in India, surpassing the forex demand from Tier-1 cities, which make up 47%. The report attributes this trend to the growing popularity of leisure travel, which accounts for 57% of forex demand, followed by corporate travel at 27% and student travel at 16%.
The surge in forex demand is also driven by a diverse range of travellers, with millennials and Gen X together constituting nearly three-fourths of forex usage.
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- Tier-2, Tier-3 cities drive 53% of forex demand economictimes.indiatimes.com
