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NRERA ACCOUNTS
NRIs pull out $2 billion from bank depositsOverseas Indians withdrew nearly two billion dollars from Indian bank accounts in March. This outflow occurred during the Iran war. Reserve...- Indian diaspora withdraws $2 bn from banks amid West Asia turmoilIndian diaspora withdrew nearly two billion dollars from local banks in March. This withdrawal was driven by geopolitical conflicts in West...
- NRI deposit inflows at an 11-year high in FY25 as rates enticeNRI deposits in Indian banks surged to an 11-year high in FY25, reaching $16.2 billion, driven by attractive interest rates and rupee depre...
- NRI deposits show a dent despite weakening rupeeThe Indian diaspora withdrew $1.5 billion more than it invested in local bank deposits between October 2024 and January 2025 despite the ru...
- NRI deposits flows doubled to $7.8 bn in April-August: RBI BulletinThe Indian diaspora is showing strong confidence in the Indian economy, with NRI deposit inflows more than doubling to $7.8 billion from Ap...
- Overseas Indians parked $1 billion in NRI deposits in AprilDuring the month a bigger chunk was garnered under the NRE (RA) with deposits worth $583 million, while $483 million flows were in FCNR(B) ...
- Diaspora deposits down 29 per cent in FY20NRI deposits between April & August saw an inflow of $4 billion, compared with $5.7 billion in the same period last year. NRIs in the Gulf,...
- NRI bank deposits surge $10 billion in first half; total NRI deposits in Indian banks reach $121.8 billionThese NRIs are looking to seize the advantage of a weak rupee and the interest rate differential between advanced economies and India.
- Heyday for local banks: NRI deposits grow 55 per cent on weak rupeeIndian diaspora have raised their investment in local bank deposits as they looked to seize the advantage of a weak rupee as well as the in...
- NRI deposits grow to $121.8 billion by 55% during April-September 2015: RBIOverseas Indians have raised their investment as they looked to seize the advantage of a weak rupee as well as interest rate differential b...
- Spurred by the rupee's fall, NRI deposits jump 48%NRI deposits climbed to $6.97 billion in April-July from $4.71 billion a year earlier, according to the RBI Bulletin for September.
- NRI deposits start to ebb, may hurt forex reservesIt's generally anticipated that when the Fed begins to raise rates, bank deposits in India become less attractive for overseas Indians.
- NRI dollar inflows drying up as rupee gains in strengthA rising Indian currency to the US dollar due to a surge in foreign fund flows, and lowering of interest rates on NRI deposits have made it...
- NRIs keep faith in Indian marketsNet inflows from non-resident Indians witnessed a stupendous, over 20-fold rise, to $4 billion in FY09, as these constituents sharply incre...
- Indians abroad move to dollar depositsNRIs are shunning rupee deposits like NRE(RA) and moving towards dollar deposits as the rupee weakens. Where Re comes and goes | Forex Conv...
- NRIs keep faith in India, pump $513 mn in SeptemberNon-resident Indians (NRIs) are reposing their faith in Indian banks and betting on the rupee having bottomed out. Gainers, Losers | Only: ...
- NRI deposits fail to pick up despite rising rupeeA rising rupee appears to have failed to catch the attention of NRIs. A stronger rupee gives them exchange-rate benefit when they convert d...
- Rising Re fails to catch NRIs attentionLower rate of interest on NRI deposits seems to have taken away the sheen thereby slowing down inflows.
- NRI is now biggest non-resident lenderNon-resident Indians have emerged as the largest overseas lender to India, surpassing traditional sources such as multilateral and bilatera...
- The ABC of BudgetHere's a glossary of all those Budget jargon you always wanted to know.
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