India raised a record $127B via a special diaspora deposit program, but economists warn it could cost the central bank about $10.6B. The net effect is a funding boost alongside a meaningful quasi-fiscal/monetary burden, keeping policy implications cautious for liquidity and rates.
India raised a record $127B via a special diaspora deposit program, but economists warn it could cost the central bank about $10.6B. The net effect is a funding boost alongside a meaningful quasi-fiscal/monetary burden, keeping policy implications cautious for liquidity and rates.
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