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RBI Pushes FCNR Deposits, but Most NRI Bank Money Is in Rupees

RBI’s push for FCNR deposits is designed to bring more foreign currency into India. But the latest available data show that most NRI bank money in India remains in rupee-denominated accounts. Where NRI Bank Deposits Were Held

NRI News

18 Jun 2026 11:36 AM 16 views

RBI Pushes FCNR Deposits, but Most NRI Bank Money Is in Rupees

RBI’s push for FCNR deposits is designed to bring more foreign currency into India. But the latest available data show that most NRI bank money in India remains in rupee-denominated accounts. Where NRI Bank Deposits Were Held

NRI News

Rupee Hits Record Low as It Slips Past 94 Mark Against US Dollar Amid Global Tensions

The Indian rupee has slipped to a new record low, falling to 94.1575 per US dollar, surpassing its previous all-time low of 93.98 set earlier this week. The continued decline is being attributed to growing concerns over the ongoing conflict in the Middle East, which has placed significant pressure on global markets, including the Indian currency. Since the war broke out late last month, the rupee has weakened by about 3.5%, reflecting the heightened uncertainty in international mark

Business

27 Mar 2026 01:12 AM 233 views

Rupee Hits Record Low as It Slips Past 94 Mark Against US Dollar Amid Global Tensions

The Indian rupee has slipped to a new record low, falling to 94.1575 per US dollar, surpassing its previous all-time low of 93.98 set earlier this week. The continued decline is being attributed to growing concerns over the ongoing conflict in the Middle East, which has placed significant pressure on global markets, including the Indian currency. Since the war broke out late last month, the rupee has weakened by about 3.5%, reflecting the heightened uncertainty in international mark

Business

Rupee Rebounds 7 Paise to 92.14 Against US Dollar Amid Falling Oil Prices

The Indian Rupee rebounded from its all-time low on Tuesday morning, rising by 7 paise to 92.14 against the US Dollar in early trade. This recovery follows a sharp fall in global oil prices, spurred by comments from US President Donald Trump regarding the potential end of the ongoing conflict with Iran. Additionally, a weaker US Dollar and a strong opening in the domestic equity markets further supported the local currency, although Foreign Institutional Investors (FII) outflows limited signi

Business

10 Mar 2026 08:51 AM 159 views

Rupee Rebounds 7 Paise to 92.14 Against US Dollar Amid Falling Oil Prices

The Indian Rupee rebounded from its all-time low on Tuesday morning, rising by 7 paise to 92.14 against the US Dollar in early trade. This recovery follows a sharp fall in global oil prices, spurred by comments from US President Donald Trump regarding the potential end of the ongoing conflict with Iran. Additionally, a weaker US Dollar and a strong opening in the domestic equity markets further supported the local currency, although Foreign Institutional Investors (FII) outflows limited signi

Business

Indian Rupee Weakens to Record Low of 84.86 Against US Dollar

The Indian Rupee weakened by 13 paise, hitting a new record low of 84.86 against the US Dollar during trading on Tuesday. The currency had opened lower at 84.79, weakening by 6 paise from the previous day’s close of 84.73. This marks a sharp dip despite a recent positive momentum for the rupee last week, when the Reserve Bank of India (RBI) held interest rates steady and announced measures to improve financial market liquidity. Monday’s announcement of Sanjay Malhotra as

Finance & Economics

10 Dec 2024 04:15 AM 1.05k views

Indian Rupee Weakens to Record Low of 84.86 Against US Dollar

The Indian Rupee weakened by 13 paise, hitting a new record low of 84.86 against the US Dollar during trading on Tuesday. The currency had opened lower at 84.79, weakening by 6 paise from the previous day’s close of 84.73. This marks a sharp dip despite a recent positive momentum for the rupee last week, when the Reserve Bank of India (RBI) held interest rates steady and announced measures to improve financial market liquidity. Monday’s announcement of Sanjay Malhotra as

Finance & Economics

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#indianrupee

RBI Pushes FCNR Deposits, but Most NRI Bank Money Is in Rupees

RBI Pushes FCNR Deposits, but Most NRI Bank Money Is in Rupees

Rupee Hits Record Low as It Slips Past 94 Mark Against US Dollar Amid Global Tensions

Rupee Hits Record Low as It Slips Past 94 Mark Against US Dollar Amid Global Tensions

Rupee Rebounds 7 Paise to 92.14 Against US Dollar Amid Falling Oil Prices

Rupee Rebounds 7 Paise to 92.14 Against US Dollar Amid Falling Oil Prices

Indian Rupee Weakens to Record Low of 84.86 Against US Dollar

Indian Rupee Weakens to Record Low of 84.86 Against US Dollar

Heavy Fighting Between Israel and Hezbollah Escalates Amid Calls for Ceasefire

The Rameshwaram Cafe: World's Largest Restaurant Opens in Bengaluru with Grand Launch

The Call for Action: Sajjala Ramakrishna Reddy Urges Support for Social Media Activists

Columbus car accident sends three people to hospital, police say investigation continues

Delhi's Next Chief Minister to Be Announced Today – Oath Ceremony on February 15

Pakistan eyes Saudi-style defence pact with Bangladesh: Why India is watching closely

Greenland minister describes intense pressure amid renewed US takeover rhetoric

Houston Woman’s Range Rover Explodes After Possible Recall Malfunction, Raising Safety Concerns

Alan Jackson welcomes granddaughter Parker Anne amid retirement plans

Warren Buffett steps down as Berkshire Hathaway CEO after 60 years

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Heavy Fighting Between Israel and Hezbollah Escalates Amid Calls for Ceasefire

The Rameshwaram Cafe: World's Largest Restaurant Opens in Bengaluru with Grand Launch

The Call for Action: Sajjala Ramakrishna Reddy Urges Support for Social Media Activists

Columbus car accident sends three people to hospital, police say investigation continues

Delhi's Next Chief Minister to Be Announced Today – Oath Ceremony on February 15

Pakistan eyes Saudi-style defence pact with Bangladesh: Why India is watching closely

Greenland minister describes intense pressure amid renewed US takeover rhetoric

Houston Woman’s Range Rover Explodes After Possible Recall Malfunction, Raising Safety Concerns

Alan Jackson welcomes granddaughter Parker Anne amid retirement plans

Warren Buffett steps down as Berkshire Hathaway CEO after 60 years

#indianrupee

RBI Pushes FCNR Deposits, but Most NRI Bank Money Is in Rupees

RBI Pushes FCNR Deposits, but Most NRI Bank Money Is in Rupees

Rupee Hits Record Low as It Slips Past 94 Mark Against US Dollar Amid Global Tensions

Rupee Hits Record Low as It Slips Past 94 Mark Against US Dollar Amid Global Tensions

Rupee Rebounds 7 Paise to 92.14 Against US Dollar Amid Falling Oil Prices

Rupee Rebounds 7 Paise to 92.14 Against US Dollar Amid Falling Oil Prices

Indian Rupee Weakens to Record Low of 84.86 Against US Dollar

Indian Rupee Weakens to Record Low of 84.86 Against US Dollar

Heavy Fighting Between Israel and Hezbollah Escalates Amid Calls for Ceasefire

The Rameshwaram Cafe: World's Largest Restaurant Opens in Bengaluru with Grand Launch

The Call for Action: Sajjala Ramakrishna Reddy Urges Support for Social Media Activists

Columbus car accident sends three people to hospital, police say investigation continues

Delhi's Next Chief Minister to Be Announced Today – Oath Ceremony on February 15

Pakistan eyes Saudi-style defence pact with Bangladesh: Why India is watching closely

Greenland minister describes intense pressure amid renewed US takeover rhetoric

Houston Woman’s Range Rover Explodes After Possible Recall Malfunction, Raising Safety Concerns

Alan Jackson welcomes granddaughter Parker Anne amid retirement plans

Warren Buffett steps down as Berkshire Hathaway CEO after 60 years

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