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The Reserve Bank of India (RBI) scaled down figures for non-resident Indians (NRIs) at the end of October 2022 by $1.88 billion to $132.66 billion. This was caused predominantly by a revision in the amount for outstanding non-resident (external), or NRE, deposits by $1.9 billion in October to $94.75 billion, according to the RBI bulletin for January.
Old data for October 2022 had shown that outstanding amounts in NRI deposits had broken the streak of continuous fall for the first time in the fiscal year.
The revised figure of $132.66 billion (October 2022) indicates the trend of depletion continued in October 2022.
