NRI deposit inflows dropped 22% to $2.8 billion in Q1 FY27, driven by a shift towards FCNR(B) accounts.

India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains near ₹95-96 per dollar. The inflows are…

NRI deposit inflows dropped 22% to $2.8 billion in Q1 FY27, driven by a shift towards FCNR(B) accounts.