Which of the following statements are correct regarding the data on non-resident Indian (NRI) deposits released by the Reserve Bank of India (RBI) for Q1 (April - June) of FY2025?
- Overseas Indians deposited around $3.95 billion in NRI deposit schemes during Q1 FY2025, marking a 79% increase compared to the same period last year.
- The majority of the inflows during this period went into Non-Resident External (NRE) deposits, amounting to $2.5 billion.
- The total outstanding NRI deposits as of June 2024 stood at $155.71 billion.
1
Only statement 1 is correct.
2
Only statements 1 and 3 are correct.
3
Only statements 2 and 3 are correct.
4
All statements are correct.
5
None of the statements are correct.