Home Politics India Raises Record $127 Billion in Forex Deposits From Diaspora
Politics

India Raises Record $127 Billion in Forex Deposits From Diaspora

Key Points

India garnered a record of about $127 billion in foreign-currency inflows from its 35-million-strong diaspora since June through a special dollar-swap window, giving policymakers a bigger cushion to support the rupee if external pressures intensify.

India garnered a record of about $127 billion in foreign-currency inflows from its 35-million-strong diaspora since June through a special dollar-swap window, giving policymakers a bigger cushion to support the rupee if external pressures intensify.
India (LOCATION) Forex Deposits From (ORG) Diaspora India (ORG)
Originally published by Bloomberg Markets Read original →