India’s Record Diaspora Inflows Swamp Banks, Test RBI Tools
India drew a record $127 billion from its vast diaspora, surpassing even the most optimistic estimates and giving policymakers a bigger war chest to defend the currency.
By Subhadip Sircar and Anup Roy · Bloomberg Markets
India drew a record $127 billion from its vast diaspora, surpassing even the most optimistic estimates and giving policymakers a bigger war chest to defend the currency.