archiveIndian Rupee depreciation

Chennai: The weakening rupee was among the reasons that made foreign currency deposits attractive for NRIs. The net inflow under Foreign Currency Non-Resident (B) Account (FCNR(B)) increased by 11% YoY from $6.4 billion in FY24 to $7.1 billion in FY25. It comes after NRIs pulled out their deposits earlier, turning the category (FCNR(B)) negative during 2020–21 and 2021–22.Data available in RBI's annual reports shows that FCNR (B) recorded a net outflow of -$3.8 billion and -$3.6 billion during two Covid years of 2020–21 and 2021–22, respectively. However, its net inflow...

NRIs are increasingly driving momentum in India’s property market. Shifts in global financial trends and rapid changes within India’s real estate landscape have created an attractive window for overseas Indians to invest back home. A key trigger behind this surge is the continued slide of the Indian rupee. For NRIs earning in foreign currencies such as the US dollar, pound sterling, or euro, the weaker rupee effectively stretches their purchasing power. This currency edge enables them to acquire high-end properties in India at more affordable rates when compared to domestic...