NRIs will definitely hold back their remittences as much as possible. There are still some places in world where the simple interest returns from Banks are more than that in India
RE:NRI s
by on Apr 28, 2007 03:55 PM Permalink
I agree with you. Myself being an NRI, is holding back my earnings of past 4 months in a private bank (HSBC) in this foreign country. I will wait for a couple of years to the maximum to decide to send to indian banks.
RE:NRI s
by Rajeev Rankawat on Apr 28, 2007 04:32 PM Permalink
I, too my self an NRI fell that the remitance to India shall come down in proportion of the rupee appriciation. I am also holding back the the forex, usually I would have remited to India.
RE:RE:RE:NRI s
by ASHOK on Apr 28, 2007 08:27 PM Permalink
You can permanently hold back your money in Dollar / Euro / GBP or what ever currency you want. I dont think India will be any more giving special treatment to NRI accounts anymore. That phase is now over. Things have changed. We have to move on. Face the reality.
RE:NRI s
by Sunil Dodeja on Apr 28, 2007 03:27 PM Permalink
Please name 2 such countries which have even half as stable a government as India does .Why does every decision have to be taken with NRI's in mind . Resident Indians have equal rights and interests on their life styles . If the rupee appreciates because of better performance of Indian economy , then so be it !!!
RE:NRI s
by nikhil raj on Apr 28, 2007 04:34 PM Permalink
Poor Dodeja, Do you really understand what is the article all about???Do you know result of this trend? Do you know how much foreign currency India receive in exports? Do you know with whome India is competing in export these days?...Come on man think logically before writing anything. Don't write just to please yourself or satisfy your understanding.
