Fresh NRI deposits double to $6 billion! Why NRIs are parking more forex in India this year

NRIs park more forex in India! Fund flows into FCNR (B) deposits, designed for non-resident Indians (NRIs), have more than doubled this year, indicating their appeal as a safe-haven investment.

Dec 27, 2023 - 01:30
Fresh NRI deposits double to $6 billion! Why NRIs are parking more forex in India this year
NRIs park more forex in India! Fund flows into FCNR (B) deposits, designed for non-resident Indians (NRIs), have more than doubled this year, indicating their appeal as a safe-haven investment.