NRIs can bring USD 70-80 bn into India through FCNR deposits: expert
Singapore: Non-Resident Indians (NRIs) have the potential to bring USD 70-80 billion in foreign currency inflows into India through the ongoing FCNR initiative, under which banks are offering higher interest rates for a limited period, a Singapore-based chartered accountant said on Friday. The estimate was also discussed during a global webinar organised by the Singapore…
