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Stable rupee is bad news for foreign currency deposits

The flow of deposits from non-resident Indians (NRIs) hit a four-year low in the financial year 2020-21 mainly due to contraction in foreign currency deposits, latest data released by the Reserve......

Slowdown in remittances is bad news for economy

Remittances growth is muted due to "structural" reasons which will hamper consumption demand locally, a report said on Thursday. "...the muted external remittances growth is more of a structural......

NRIs, check the number of days you spend in India

The Budget has changed the rules for Indian citizens and persons of Indian origin visiting India. Instead of 182 days, the number of days has been reduced to 120. You will be treated as a resident......

Economic Affairs Secy: 'Rs should settle at 69-70'

'The rupee falling from 69 to 72 was not normal or justified by the fundamentals.''And therefore I treat this as temporary.' Illustration: Uttam Ghosh/Rediff.com "There seems to be some tug-of-war......

Finally, govt admits rupee, crude prices will impact CAD

Research and ratings agencies like Icra and Moody’s have said the CAD in 2018-19 would be much higher than 2017-18 Illustration: Uttam Ghosh/Rediff.com India’s current account deficit......
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