forex Archives | Pravasi Samwad

NRIs Turn to High-Yield Dollar Deposits as RBI Revives FCNR Strategy

Higher returns on foreign-currency deposits are drawing overseas Indians, as the central bank seeks to strengthen forex reserves and support

Rupee falls 28 paise to 96.03 against US dollar amid global risk aversion

Rising crude prices and continued US-Iran tensions weigh on the Indian currency; forex reserves also decline PRAVASISAMWAD.COM Mumbai, September 28:

FCNR(B) 2026 Scheme Sets New Benchmark in NRI Dollar Mobilisation

India’s latest foreign-currency deposit drive has raised $127.2 billion, more than twice the scale of the 2013 programme relative to

NRI Deposit Inflows Fall 23% as FCNR(B) Deposits Surge 124%

Fresh NRI deposits fell to $2.78 billion in the first quarter of FY27, while foreign-currency deposits more than doubled

RBI Eases Priority-Lending Rules to Encourage Fresh NRI Deposits

Loans backed by eligible new FCNR(B) and NRE deposits will be excluded from banks’ priority-sector lending calculations The Reserve Bank

UAE Emerges as Major Source of FCNR Deposits Despite Operational Hurdles

Bankers say regulatory and tax-related issues have slowed potential inflows, even as UAE-based NRIs contribute strongly to India’s foreign currency

RBI Swap Scheme Attracts $36.7 Billion in NRI Dollar Deposits in Less Than Two Months

Latest data shows strong overseas Indian response as total foreign currency inflows cross $40 billion The Reserve Bank of India’s

UAE’s First Abu Dhabi Bank unveils $1.5 billion financing programme for Indian expatriate forex deposits

Initiative aims to boost participation in RBI’s foreign currency deposit scheme and strengthen India’s forex reserves PRAVASISAMWAD.COM First Abu Dhabi

UAE’s Largest Bank Targets $1.5 Billion in NRI Deposits to Boost India Investments

Move follows RBI’s special FCNR(B) window as lenders step up efforts to attract overseas Indian savings PRAVASISAMWAD.COM Abu Dhabi’s First

NRI Deposit Inflows Fall Nearly 30% in Early FY27 Despite RBI Support Measures

Lower inflows into FCNR(B) and NRE accounts weighed on overall deposits, even as the Reserve Bank introduced measures to attract