What happened with RBI FCNR(B) scheme attracts 7.1% returns, drives $155bn+ NRI inflows?

RBI's FCNR deposit scheme offering 7.1% on dollar deposits driving NRI investments; $155bn remittances in 2025-26 plus estimated $50bn from scheme. The Reserve Bank of India's Foreign Currency Non-Resident (FCNR) borrowing initiative is generating significant NRI capital inflows through attractive interest rates up to 7.1% on dollar deposits. Ind

15 June 2026 Current Affairs

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3 articles · Curated for UPSC, SSC, Bank & Railway

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Economy & Finance

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NMDC targets 20-30% revenue from non-iron ore, overseas assets by 2030

India's largest iron ore producer NMDC diversifying revenue streams through coal mining, global acquisitions, targeting non-iron ore contribution of 20-30% by 2030.

UPSC PrelimsUPSC MainsPSU Management

#Public Sector#Mining#Diversification#Strategic Minerals#NMDC

Economy & Finance

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RBI FCNR(B) scheme attracts 7.1% returns, drives $155bn+ NRI inflows

RBI's FCNR deposit scheme offering 7.1% on dollar deposits driving NRI investments; $155bn remittances in 2025-26 plus estimated $50bn from scheme.

UPSC PrelimsUPSC MainsBank Exams

#RBI Policy#NRI Remittances#Foreign Exchange#Capital Inflows#Monetary Policy

Economy & Finance

⏱ 2m

India exports jump 18% in May; trade deficit narrows amid rising merchandise shipments

Merchandise exports grow 16.09% to $88.91bn (Apr-May 2026-27), signaling strong export momentum despite import surge.

UPSCSSCBank

#merchandise exports#trade deficit#economic growth#export competitiveness#FY 2026-27