Business: India sees more dollars coming in with a weaker Rupee!

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posted by HemantM 735 days ago
The weaker Rupee has become the cause for a surge in inward dollar remittance sent by NRIs from the US. Yesterday the US $ reached an exchange rate of Rs. 46.59* against the rupee and this has enabled a lot of NRIs to send money back home in India. Remittance inflow from the US has increased by a whopping 37% in the first 20 days of this month when compared to the previous month. This reinstates the fact that the weaker rupee has indeed caught the fancy of NRIs in the US.
discuss | tags: remit2india remittance nri all | category: Business | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas

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