India’s growing middle class is becoming increasingly connected to the dollar economy, with overseas travel, foreign education, AI subscriptions, imported gadgets and medical treatment abroad driving demand for foreign…
Indian banks are stepping up efforts to attract deposits from Non-Resident Indians (NRIs) through higher interest rates on Foreign Currency Non-Resident (FCNR) deposits, a move that aligns with the government's broader…
India's top financial banking services providers -- State Bank of India (SBI), Bank of India (BoI), and Yes Bank -- have sharply raised interest rates on Foreign Currency Non-Resident (Bank) or FCNR(B) deposits…
The world’s richest families are slowly reducing their exposure to the US dollar, as geopolitical tensions, rising US debt and concerns over the dollar’s future strength force them to rethink their investment strategies.