Steadily climbing returns from FCNR! Overseas Indians send home record $29 billion in remittances
Monday, 1 April 2024
Overseas Indians sent a record $29 billion back home in the December quarter through remittances, driven by increasing returns from FCNR instruments. An analysis of RBI's data has revealed the highest quarterly remittance by the Indian diaspora since 1991, playing a vital role in narrowing the current account deficit.
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