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First, some background. The entire NRI community is now aware of the high-interest-rate Foreign Currency Non-Resident deposit scheme enabled by the Reserve Bank of India. Many banks have raised interest rates on these deposits after the RBI decided to cover hedging costs for 3 to 5-year FCNR Bank accounts until September 30, 2026. Although a lot of details and clarification is awaited from RBI, I am writing this based on the circulated information. The key proposition is that you deposit X amount,…

Global diversification has moved from being a luxury to becoming an essential component of wealth creation. Indian investors today have multiple avenues to access international markets, helping them diversify across geographies, currencies, sectors, and some of the world’s most innovative companies. However, not all international investing routes are created equal. Each option differs in terms of regulation, taxation, operational ease, product availability, and investor responsibilities. Broadly, Indian residents can access global markets through three routes:…

India is in a tough spot. Investors are a worried lot, and that is reflected in a major decline in equity mutual fund inflows. India is facing challenges from multiple fronts. India’s story is primarily driven by the consumption story on the back of the demographic dividend. Major concerns are emerging: – Elevated crude prices leading to currency depreciation and increasing inflation pressure, threatening demand destruction – The number of net job creations has been…