The Financial Times, citing two forex bank sources, reported that since June the Reserve Bank of India has used about $90 billion of the more than $140 billion raised from the Indian diaspora to support the rupee, selling currency into the spot market and using currency swaps to absorb excess liquidity.

2026-10-22

The Financial Times, citing two forex bank sources, reported that since June the Reserve Bank of India has used about $90 billion of the more than $140 billion raised from the Indian diaspora to support the rupee, selling currency into the spot market and using currency swaps to absorb excess liquidity.