NRI Deposits Decline Despite Weakening Rupee

NRI Deposits Decline Despite Weakening Rupee

The Indian diaspora has withdrawn more funds than it has deposited in local banks since October last year, despite the sharp depreciation of the rupee. This trend likely reflects a tightening job market overseas, particularly in Gulf countries, and rising global economic uncertainty due to a potential tariff war, according to sources familiar with the […]

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