Iran war squeezes NRI deposits, overseas Indians pull out nearly $2 billion in March
Overseas Indians have withdrawn nearly $2 billion from Non-Resident Indian (NRI) deposits in March due to the ongoing conflict in Iran. This significant outflow reflects concerns over economic stability and the impact of geopolitical tensions. The situation highlights the vulnerability of NRI investments in volatile regions.
- ▪NRI deposits saw a withdrawal of nearly $2 billion in March.
- ▪The withdrawals are attributed to the ongoing conflict in Iran.
- ▪This trend indicates concerns over economic stability among overseas Indians.
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