Nirmala Sitharaman calls for greater NRI outreach to boost foreign currency inflows

Finance Minister Nirmala Sitharaman urged banks to intensify outreach to non-resident Indians. Innovative deposit products and foreign currency inflows are key objectives for banks. These initiatives aim to bolster forex reserves and support the Indian rupee. Banks reported significant interest from non-resident Indians across various jurisdictions. The Reserve Bank of India is actively supporting banks in deposit mobilization efforts.

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