NRIs depositing less money in India; RBI data shows money flow is down by half

Flow of money into NRI deposits have gone down by $4.13 billion in FY22. Outstanding deposits have also declined compared to a year ago. According to data released by the Reserve Bank of India (RBI), money flowing into non-resident Indian (NRI) deposits continue to show a downward trend as the country tries to combat an … Continue reading NRIs depositing less money in India; RBI data shows money flow is down by half