{"id":96574,"date":"2020-06-19T14:05:51","date_gmt":"2020-06-19T14:05:51","guid":{"rendered":"https:\/\/www.edristi.in\/?p=96574"},"modified":"2020-06-19T14:05:53","modified_gmt":"2020-06-19T14:05:53","slug":"nre-deposits-in-april","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/nre-deposits-in-april\/","title":{"rendered":"NRE Deposits in April"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question : What is the NRE Deposits figure in April,2020 ?<\/strong><br>(a)1.95 billion dollar<br>(b)1.50 billion dollar<br>(c)1.05 billion dollar<br>(d)none of the above<br><strong>Answer : (a)<br>Related facts<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Global Indians sent home $1.95 billion in the April in their non-resident rupee deposit accounts.<\/li><li>This is the highest single month flow in 26 months.<\/li><li>This is an indication of the kind of optimism that the Indian diaspora has on the outlook of their economy back home which could result in some gains for the rupee.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>NRI Depostis<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>NRI deposits are foreign currency deposits made in an Indian bank by a non-resident Indian. These deposits can be repatriated by the NRI on maturity along with the interest earned.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Different NRI deposit accounts<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Foreign currency non-resident or FCNR(B) deposit &#8212; the currency risk is borne by the bank which accepts the deposits.<\/li><li>Non-resident rupee or NRE (RA), non-resident external (rupee) account &#8212; where forex risk is borne by the depositor. Money parked in these deposit accounts can be repatriated back.<br>The flows from such deposits predominantly come from the middle-east Asian countries, where working Indians typically use the money on return to the home country after retirement.<\/li><li>There is also another option -Non-resident ordinary or NRO accounts, which is meant for NRI&#8217;s local use.<\/li><\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>NRI Remittances<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Remittances, on the other hand, are foreign currency funds sent by NRIs to their folks in India.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Conclusion<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Of the billions dollar of foreign exchange reserves, about one fourth are reckoned to be the combined contribution from the Indian diaspora through remittances and deposits.<\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>By \u2013 Pankaj Pandey<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Link :<\/strong><br><a href=\"https:\/\/economictimes.indiatimes.com\/nri\/forex-and-remittance\/nris-park-almost-2-billion-in-nre-deposits-in-april-at-26-month-high\/articleshow\/76445599.cms\">https:\/\/economictimes.indiatimes.com\/nri\/forex-and-remittance\/nris-park-almost-2-billion-in-nre-deposits-in-april-at-26-month-high\/articleshow\/76445599.cms<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question : What is the NRE Deposits figure in April,2020 ?(a)1.95 billion dollar(b)1.50 billion dollar(c)1.05 billion dollar(d)none of the aboveAnswer : (a)Related facts Global Indians sent home $1.95 billion in the April in their non-resident rupee deposit accounts. This is the highest single month flow in 26 months. This is an indication of the kind [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":96576,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-96574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/96574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=96574"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/96574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/96576"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=96574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=96574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=96574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}