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RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

India's RBI-backed FCNR deposit initiative has reportedly mobilized nearly $10 billion in foreign-currency deposits from NRIs. The strong response highlights growing demand for foreign-currency savings while helping strengthen India's external financing position. India's temporary Reserve Bank of India (RBI) initiative to encourage Foreign Currency Non-Resident (FCNR(B)) deposits has reportedly attracted nearly $10

NRI News

15 Jul 2026 11:40 AM

RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

India's RBI-backed FCNR deposit initiative has reportedly mobilized nearly $10 billion in foreign-currency deposits from NRIs. The strong response highlights growing demand for foreign-currency savings while helping strengthen India's external financing position. India's temporary Reserve Bank of India (RBI) initiative to encourage Foreign Currency Non-Resident (FCNR(B)) deposits has reportedly attracted nearly $10

NRI News

India’s 1991 Gold Pledge: How a Crisis Built Today’s Reserve Shield

India’s 1991 gold pledge remains one of the clearest examples of how a financial crisis reshaped the country’s economic direction. The episode matters again in 2026 as India holds larger foreign exchange and gold reserves, signaling preparation rather than panic. India’s 1991 gold pledge and the Gulf shock India’s balance-of-payments crisis deepened after Iraq invaded Kuwait on Thursday, August 2, 1990, triggering a Gulf crisis that added pressur

Finance & Economics

19 May 2026 12:14 PM

India’s 1991 Gold Pledge: How a Crisis Built Today’s Reserve Shield

India’s 1991 gold pledge remains one of the clearest examples of how a financial crisis reshaped the country’s economic direction. The episode matters again in 2026 as India holds larger foreign exchange and gold reserves, signaling preparation rather than panic. India’s 1991 gold pledge and the Gulf shock India’s balance-of-payments crisis deepened after Iraq invaded Kuwait on Thursday, August 2, 1990, triggering a Gulf crisis that added pressur

Finance & Economics

Why PM Modi Asked Indians to Avoid Buying Gold for One Year Amid Iran War

Prime Minister Narendra Modi has urged Indians to avoid buying gold, reduce foreign travel and cut unnecessary fuel usage for at least a year as the ongoing United States-Israel conflict with Iran continues to shake global energy markets. The remarks quickly sparked discussions online because gold is deeply connected to Indian families, savings and traditions. Many people immediately began asking th

India News

12 May 2026 15:54 PM

Why PM Modi Asked Indians to Avoid Buying Gold for One Year Amid Iran War

Prime Minister Narendra Modi has urged Indians to avoid buying gold, reduce foreign travel and cut unnecessary fuel usage for at least a year as the ongoing United States-Israel conflict with Iran continues to shake global energy markets. The remarks quickly sparked discussions online because gold is deeply connected to Indian families, savings and traditions. Many people immediately began asking th

India News

PM Modi Appeals for Public Transport Use and Reduced Gold Purchases to Protect Economy

Prime Minister Narendra Modi on Sunday urged citizens to adopt responsible economic habits to help India manage the impact of rising global oil prices and supply chain disruptions linked to tensions in the Middle East. Addressing a gathering in Hyderabad, the prime minister appealed to the public to reduce petrol and diesel consumption, avoid unnecessary foreign travel, and limit non-essential gold purchases in order to protect the nation’s foreign exchange reserves and economic stability.

India News

10 May 2026 20:56 PM

PM Modi Appeals for Public Transport Use and Reduced Gold Purchases to Protect Economy

Prime Minister Narendra Modi on Sunday urged citizens to adopt responsible economic habits to help India manage the impact of rising global oil prices and supply chain disruptions linked to tensions in the Middle East. Addressing a gathering in Hyderabad, the prime minister appealed to the public to reduce petrol and diesel consumption, avoid unnecessary foreign travel, and limit non-essential gold purchases in order to protect the nation’s foreign exchange reserves and economic stability.

India News

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#forexreserves

RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

India’s 1991 Gold Pledge: How a Crisis Built Today’s Reserve Shield

India’s 1991 Gold Pledge: How a Crisis Built Today’s Reserve Shield

Why PM Modi Asked Indians to Avoid Buying Gold for One Year Amid Iran War

Why PM Modi Asked Indians to Avoid Buying Gold for One Year Amid Iran War

PM Modi Appeals for Public Transport Use and Reduced Gold Purchases to Protect Economy

PM Modi Appeals for Public Transport Use and Reduced Gold Purchases to Protect Economy

Sharmila meets Revanth Reddy ahead of AP Polls: What's up?

Weekend-Only Car Shopping Deals Guide | Save Big on Weekend Auto Offers

Gold and Silver Prices Fall – Tuesday, May 19, 2026

US Marines Withdraw from Los Angeles Amid Backlash Over Immigration Protests

Trump shifts stance on Iran conflict, calls it a military operation

Hoax Bomb Threat to Taj Mahal Found to Be False

Trump Says China Will Buy 200 Boeing Jets After Xi Talks

US Speaker Calls for Newsom to Be "Tarred and Feathered"

GHMC Issues Show-Cause Notice To Allu Aravind Over Illegal Penthouse At Jubilee Hills Property

US lifts Iran naval blockade after MoU deal

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Sharmila meets Revanth Reddy ahead of AP Polls: What's up?

Weekend-Only Car Shopping Deals Guide | Save Big on Weekend Auto Offers

Gold and Silver Prices Fall – Tuesday, May 19, 2026

US Marines Withdraw from Los Angeles Amid Backlash Over Immigration Protests

Trump shifts stance on Iran conflict, calls it a military operation

Hoax Bomb Threat to Taj Mahal Found to Be False

Trump Says China Will Buy 200 Boeing Jets After Xi Talks

US Speaker Calls for Newsom to Be "Tarred and Feathered"

GHMC Issues Show-Cause Notice To Allu Aravind Over Illegal Penthouse At Jubilee Hills Property

US lifts Iran naval blockade after MoU deal

#forexreserves

RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

RBI FCNR Drive Draws Nearly $10 Billion in NRI Deposits

India’s 1991 Gold Pledge: How a Crisis Built Today’s Reserve Shield

India’s 1991 Gold Pledge: How a Crisis Built Today’s Reserve Shield

Why PM Modi Asked Indians to Avoid Buying Gold for One Year Amid Iran War

Why PM Modi Asked Indians to Avoid Buying Gold for One Year Amid Iran War

PM Modi Appeals for Public Transport Use and Reduced Gold Purchases to Protect Economy

PM Modi Appeals for Public Transport Use and Reduced Gold Purchases to Protect Economy

Sharmila meets Revanth Reddy ahead of AP Polls: What's up?

Weekend-Only Car Shopping Deals Guide | Save Big on Weekend Auto Offers

Gold and Silver Prices Fall – Tuesday, May 19, 2026

US Marines Withdraw from Los Angeles Amid Backlash Over Immigration Protests

Trump shifts stance on Iran conflict, calls it a military operation

Hoax Bomb Threat to Taj Mahal Found to Be False

Trump Says China Will Buy 200 Boeing Jets After Xi Talks

US Speaker Calls for Newsom to Be "Tarred and Feathered"

GHMC Issues Show-Cause Notice To Allu Aravind Over Illegal Penthouse At Jubilee Hills Property

US lifts Iran naval blockade after MoU deal

Popular Cities