CHENNAI: A weak rupee was among the reasons that made foreign currency deposits attractive for NRIs. The net inflow under foreign currency non-resident (B) accounts increased by 11% to $7.1 billion in FY25 from $6.4 billion in FY24. It comes after NRIs pulled out their deposits earlier, turning the category negative during 2020-21 and 2021-22.Data…
Union finance minister Nirmala Sitharaman quoted former RBI Governor Raghuram Rajan while addressing concerns about the rupee’s depreciation against dollar during her Lok Sabha address on Tuesday.“Former RBI Governor Raghuram Rajan, who even participated in the Bharat Jodo Yatra, has acknowledged on January 15, 2025 that fixation is always with the rupee-dollar exchange rate, reality…
NEW DELHI: Inflation remains the major risk going forward for the financial year 2026 due to the higher cost of raw materials, a DAM Capital report added. The report added that inflation is a foremost concern for FY26, with a projected decline to 4.5 per cent from the current level. The major reason behind the…