reserves Archives | Pravasi Samwad

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

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

“The central bank should intervene to ensure that a falling currency does not eclipse India’s fundamentals.” — Abheek Barua, HDFC