Page 3 - Nri Deposit

Flows into NRI deposits nosedive to mere $349 mn in June quarter

Outstanding deposits declined to $135.9 billion at the end of June 2022 from $141.5 billion a year ago.

CAD as percentage of GDP: Nowhere near 2012-13 level, yet worrisome

If up to $50 billion is withdrawn from forex reserves to finance CAD, the country would still be able to meet nine month's imports. Any withdrawal beyond this could pose a problem

Top Headlines: Top promoters' dividend income jumps, NRI deposits moderates

India's top promoters and business families' income jumped from equity dividends and share buybacks in FY22 while flow of money into NRI deposits moderated sharply to $3.23 bn in FY22.

Flow of money into NRI deposits moderates to $3.23 bn in FY22: RBI data

Outstanding deposits have also gone down to $139.02 billion at the end of March 2022. This compares to $141.89 billion a year ago, according to Reserve Bank of India (RBI) data.

Flow of money into NRI deposits till February moderates sharply, shows data

The foreign currency or FCNR deposits saw the maximum contraction

Non-resident Indians step up deposits in November by $4.15 billion

Outstanding NRI deposits stood at $125.68 billion in November, from $121.53 billion in October

All you need to know about NRO and NRE deposits held by an NRI

Let's understand these two accounts and their characteristics in detail

NRIs can deposit upto Rs 25,000 by showing old notes to Customs at airport

Declaration will have to be submitted at specified branches of RBI, while depositing junked currency

Pranjul Bhandari: No sweat over non-resident deposit outflows

With the backing of Tinbergen's rule and a proactive RBI, there's a possibility that repayments could come and go without much pain