इंडियन आवाज़     23 Sep 2018 05:52:43      انڈین آواز

NRI deposits nosedive due to oil price tremors in Gulf: Assocham

New Delhi

With fading away of the glorious years for the oil-rich countries in the Gulf following the crude prices battling to inch up, the Non-Resident Indians (NRIs) net deposits inflows have seen a huge drop of 98 per cent in the first five months of current financial year over the same period of 2016-17, according to an ASSOCHAM analysis.

The NRI deposit flows have nosedived from 3.84 billion dollar in April-August of the previous fiscal to a mere 434 million dollar in the same period of 2017-18.

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