India’s record $127B diaspora inflows surge, testing RBI liquidity tools
India drew a record $127 billion from its diaspora, exceeding even the most optimistic estimates. The inflows pushed surplus liquidity in the banking system to nearly…
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.Now comes the hard part: managing the flood of cash.The inflows have helped push surplus liquidity in the banking system to nearly…