A report in Financial Chronicle
NRI deposit inflows are nearing $11 billion so far this year, helped by a weak rupee. In the first seven months of last year, NRI deposits worth about $8.5 billion flew in.
In each of the seven months (January-July) in this calendar year, NRI deposits inflows worth $1-2 billion have come in. Liquidity factor and safety element of bank deposits continue to attract NRIs, say bankers.
Full report here
NRI deposit inflows are nearing $11 billion so far this year, helped by a weak rupee. In the first seven months of last year, NRI deposits worth about $8.5 billion flew in.
In each of the seven months (January-July) in this calendar year, NRI deposits inflows worth $1-2 billion have come in. Liquidity factor and safety element of bank deposits continue to attract NRIs, say bankers.
Full report here
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