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5 hours ago

Burnt fingers, cold feet: Inside NRI reluctance to fund India’s dollar dream

Burnt fingers, cold feet: Inside NRI reluctance to fund India’s dollar dream

Banks mobilized $166 million in fresh FCNR(B) deposits in April 2026, while the outstanding FCNR(B) deposit base stood at $33.92 billion at the end of April, up from $33.76 billion a month earlier, latest RBI data showed. Overall, NRI deposits... Read more.

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