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

Dununu.com Dununu

Patrocinado

Weak Re boosts foreign currency FDs

RSS Feed Business

Postado

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

Faça o login para curtir, compartilhar e comentar!

'More than technique ...': DK hails Gill as he steps into the legacy of Sachin, Virat

India captain Shubman Gill etched his name in Test cricket history at Edgbaston, becoming the...

Por 0 7

Chess | 'Shocking' - Magnus Carlsen takes another swipe at Gukesh

After a stellar performance in the Rapid event, Dommaraju Gukesh experienced a significant...

Por 0 7

Argentina visit: PM Modi receives 'key to city of Buenos Aires'; symbolic gesture of friendship, mutual trust

Por 0 11

Economic Digest: Nepal’s Business News in a Snap

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

Por 0 37

Panchayat S4: Sanvikaa says innocence is not lost

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

Por 0 46