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NRIs News

The Economic Times

NRIs / The Economic Times

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NRI deposit inflows dip 23%; FCNR draws 124% more

Non-resident Indian deposits saw a significant year-on-year decrease in the first quarter. However, overall outstanding NRI deposits experienced a slight increase by June. Foreign Currency Non-Resident (Bank) deposits more than doubled during this period. The Reserve Bank of India introduced a special FCNR(B) window to boost capital. This special facility attracted substantial foreign exchange inflows before its closure.

26 Aug 2026 7:44 pm