NRI deposits fall 62% between April-November 2021

Advertisements Reserve Bank data paints grim picture of NRI investment as deposits dwindle. According to latest Reserve Bank Data, net inflows to various NRI deposit schemes plunged to $2.6 billion during April-November in 2021, from $ 7 billion in the same period a year before. Non-resident external (NRE) accounts hold more than two-thirds, or 72% … Continue reading NRI deposits fall 62% between April-November 2021