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India raises $40bn from diaspora to support sagging rupee
India raised $40 billion from its diaspora to support the sagging rupee. The central bank's initiative to repatriate savings attracted stronger-than-expected inflows.
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Adjacent reporting
- India Push for Overseas Capital Draws Over $40 Billion, RBI Says
- India presses banks to court diaspora’s deposits as rupee weakens
- INR/USD: India Central Bank Sold About $7 Billion to Defend Rupee on Friday
- Indian Rupee Rises Most in Asia on Central Bank Intervention
- INR/USD: India’s $32 Billion Forex Inflows Yet to Boost Rupee