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Indian diaspora withdraws $2 bn from banks amid West Asia turmoil - The Economic Times
Indian diaspora withdrew nearly two billion dollars from local banks in March. This withdrawal was driven by geopolitical conflicts in West Asia. NRI deposits saw an annual contraction in the fiscal year. Experts anticipate a more significant impact on NRI deposits if uncertainties persist. Outflows were noted in NRERA and NRO accounts, while FCNR(B) accounts remained stable.
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thehindu.com
Net foreign investments fell to -$11.7 billion in March 2026 as FPI outflows eclipsed FDI inflows
Net foreign investments in India fell to -$11.7 billion in March 2026 as FPI outflows surpassed positive FDI inflows.
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economictimes.indiatimes.com
Indian diaspora withdraws $2 bn from banks amid West Asia turmoil - The Economic Times
Indian diaspora withdrew nearly two billion dollars from local banks in March. This withdrawal was driven by geopolitical conflicts in West Asia. NRI deposits saw an annual…
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timesofindia.indiatimes.com
Forex spends by Indians drop 2% to $29 billion in FY26
MUMBAI: Total outward remittances under the Liberalised Remittance Scheme (LRS) witnessed a contraction in FY26, dropping about 2% to $29 billion from the $29.6 billion recorded…
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LRS outflows up over 10% in March led by travel demand
Indians sent $2.59 billion abroad in March 2026 via the Liberalised Remittance Scheme. This marked a 10.9% increase from the previous month. Travel spending saw a seasonal dip.…
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Iran war squeezes NRI deposits, overseas Indians pull out nearly $2 billion in March
The Iran war is affecting money flows from overseas Indians, with NRIs withdrawing nearly $2 billion more than they deposited in Indian bank accounts in March, according to…
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newsbytesapp.com
Indians remitted $2.59B overseas in March, says RBI
Indians remitted $2.59 billion abroad in March 2026, marking a 10.9% monthly increase, driven by strong recovery in deposits and surging investments in equity and debt.
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Why NRIs pulled out $2B from Indian banks in March
Overseas Indians withdrew nearly $2 billion from domestic bank accounts in March, reducing total NRI deposits to $165.65 billion, as per RBI data.
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Overseas travel spending by Indians falls to $1.09 billion in March - The Economic Times
Indians’ spending on overseas travel fell to USD 1.09 billion in March from USD 1.3 billion in February, according to RBI data on outward remittances under the Liberalised…
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Indians cut overseas travel spending to $1.9 billion in March: RBI
Indians sharply cut back on overseas travel spending in March, with remittances for foreign trips dropping by more than $212 million from the previous month, according to Reserve…