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India becomes No.1 in recieving NRI deposits

India becomes No.1 in recieving NRI deposits

India has become the largest remittances receiving country at USD 72 billion this year.

ECBs, NRI deposits push external debt to $476 bn

India's total external debt rose by USD 29.5 billion, or 6.6 percent, to USD 475.8 billion at the end of March, mainly due to increase in external commercial borrowings and NRI deposits.

ECBs, NRI deposits push external debt to $475.8 bn

ECBs, NRI deposits push external debt to $475.8 bn

India's total external debt rose by USD 29.5 billion, or 6.6 percent, to USD 475.8 billion during 2014-15 fiscal, mainly due to increase in external commercial borrowings and NRI deposits.

ECBs, NRI deposits push external debt to $462 billion

India's total external debt rose by USD 15.5 billion, or 3.5 percent, to USD 461.9 billion during the six-month period ending December, mainly due to increase in external commercial borrowings and NRI deposits.

India's external debt at $461.9 billion

External debt to GDP ratio was recorded at 23.2 percent at end-December 2014 compared to 23.7 percent at end-March 2014.

India's external debt at $456 billion in Apr-Sept

India's external debt stood at USD 455.9 billion in the first six months of the this fiscal, up 3.1 percent from March-end level, according to the Finance Ministry.

External debt up 8% at $440.6 bn in FY'14

India's external debt stood at USD 390 billion in the previous fiscal.

Per capita external debt up 17.55% at Rs 21,493

The total external debt increased to USD 440.6 billion during the last fiscal, from USD 409.4 billion in 2012-13.

RBI deregulates rates on NRI deposit, exempts it from CRR, SLR

In a bid to attract foreign currency, the Reserve Bank Wednesday deregulated interest rates on NRI fixed deposit schemes and exempted such term deposits from CRR and SLR requirement.

NRI deposits nearly double to $11.24 bn in Apr-Nov period

However, the non-resident (ordinary) rupee accounts and foreign currency non-resident accounts saw an outflow this year as against an inflow last year, according to the central bank data.

RBI, govt taking steps to contain falling rupee value: Fin Min

Worried over declining value of rupee, the Finance Ministry on Friday said the Reserve Bank and the government are taking steps to arrest fall of the Indian currency which touched a historic low of 57.30 to a dollar.

RBI raises interest rates to attract foreign currency deposits

To attract inflows in view of falling rupee, the Reserve Bank on Friday raised the interest rate ceiling on NRI deposits in foreign currencies by up to 3 percent.