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NRI deposit inflows dip 23%; FCNR draws 124% more - The Economic Times
Non-resident Indian deposits saw a significant year-on-year decrease in the first quarter. However, overall outstanding NRI deposits experienced a slight increase by June. Foreign Currency Non-Resident (Bank) deposits more than doubled during this period. The Reserve Bank of India introduced a special FCNR(B) window to boost capital. This special facility attracted substantial foreign exchange inflows before its closure.
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thehindubusinessline.com
NRI deposit inflows fall 22% to $2.8 b in Q1 FY27
NRI deposit inflows dropped 22% to $2.8 billion in Q1 FY27, driven by a shift towards FCNR(B) accounts.
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economictimes.indiatimes.com
NRI deposit inflows dip 23%; FCNR draws 124% more - The Economic Times
Non-resident Indian deposits saw a significant year-on-year decrease in the first quarter. However, overall outstanding NRI deposits experienced a slight increase by June. Foreign…