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The Economic Times

NRIs / The Economic Times

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Banks raise NRI deposit rates to draw dollar inflows

Indian banks are offering higher interest rates on foreign currency deposits. This move aims to attract money from overseas residents. The Reserve Bank of India has introduced new measures to boost dollar inflows. These efforts are designed to strengthen the Indian rupee. Experts predict significant inflows could stabilize the currency. This strategy revives a successful approach from 2013.

10 Jun 2026 5:23 pm