Browsing Tag

NRI Deposits

Higher Returns for NRIs: RBI Boosts FCNR (B) Deposit Interest Rates

Dec 6, 2024

The Reserve Bank of India (RBI) raises FCNR (B) deposit interest rate caps to boost foreign currency inflows, offering attractive terms for NRIs as the rupee faces volatility.
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Business

NRI Deposits Surge Crosses $6B Mark

Dec 29, 2023

Stable rupee and higher interest rates drive NRI deposits to $6.1 billion in April-October 2023, doubling from the previous year.
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