Weak Re boosts foreign currency FDs | Dununu.com : Circle of Life -...

Dununu.com Dununu

Sponsorluk

Weak Re boosts foreign currency FDs

RSS Feed Business

Posted

99

Attracted by a weak rupee, NRIs significantly increased their foreign currency deposits, with net inflows rising 11% to $7.1 billion in FY25. This surge follows previous outflows during the pandemic. Relaxed interest rate caps by the RBI also contributed to the growth of FCNR (B) accounts, offering tax-free interest and protection from exchange rate fluctuations.

Read Full Article

Please log in to like, share and comment!

US arrests Nirav Modi's brother Nehal in extradition case

By 0 9

All eyes on India as Brics takes up US tariffs, Israel

By 0 9

Fresh Myanmar clash sparks refugee surge in Mizoram

By 0 8

Will UAE residency be affected if you apply for citizenship in other countries? GDRFA chief clarifies rules

UAE residents with valid visas can apply for citizenship-by-investment (CBI) programs from...

By 0 9

'Proud' Big B shares Tinnu’s review of Kaalidhar Laapata

Abhishek Bachchan’s latest OTT release Kaalidhar Laapata is earning widespread appreciation...

By 0 31