Overseas Indians withdrew nearly two billion dollars from Indian bank accounts in March. This outflow occurred during the Iran war. Reserve Bank of India data shows a contraction in Non-Resident Indian deposit inflows. Experts anticipate geopolitical uncertainties will impact NRI deposits further if conflicts persist. Withdrawals were seen in Non-Resident External Rupee Accounts and Non-Resident Ordinary accounts.
​Overseas Indians withdrew nearly two billion dollars from Indian bank accounts in March. This outflow occurred during the Iran war. Reserve Bank of India data shows a contraction in Non-Resident Indian deposit inflows. Experts anticipate geopolitical uncertainties will impact NRI deposits further if conflicts persist. Withdrawals were seen in Non-Resident External Rupee Accounts and Non-Resident Ordinary accounts. by Soban News (international And National News)
