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The Economic Times

Economy / The Economic Times

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RBI faces about $11 billion bill on foreign deposits plan

India's central bank secured record diaspora funds, exceeding projections significantly. This fundraising effort may incur substantial costs for the Reserve Bank of India. The RBI agreed to shield banks from currency risks on these foreign deposits. These operations could cost up to 1.2 trillion rupees over five years. The central bank aims to manage these fiscal implications through careful investment strategies.

3 Sep 2026 9:38 pm