Weak Re boosts foreign currency FDs

Posted

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!

National

Economic Digest: Nepal’s Business News in a Snap

KATHMANDU: Economic Digest offers a concise yet comprehensive overview of significant business...

By 0 16

Entertainment

Panchayat S4: Sanvikaa says innocence is not lost

‘Panchayat Season 4’ continues to captivate audiences with its evolving storyline....

By 0 27

National

Thunderstorms and heavy rain likely across several provinces

KATHMANDU: As monsoon activity picks up across Nepal, several provinces are likely to experience...

By 0 39

Sports

IND vs ENG: Historic Test Heroics! All the records Shubman Gill set at Edgbaston

Shubman Gill dominated the Edgbaston Test with exceptional batting, setting numerous records,...

By 0 42

International

At least 32 dead in Texas floods: 27 girls missing from summer camp; rescue ops under way

Devastating floods in Texas Hill Country have claimed at least 32 lives, including 14 children,...

By 0 44