FDI inflows rise to $8.8 billion in April, NRI deposit mobilisation slows

India's foreign direct investment surged to $8.8 billion in April, a 22% increase year-over-year, bolstering the RBI's foreign exchange reserves. While non-resident deposit inflows slowed, overall external commercial borrowing rose significantly. Despite a drop in foreign portfolio investment, India's external sector remains resilient, with forex reserves reaching $698.95 billion in June.