India’s overseas diaspora deposit inflows under a special Reserve Bank of India facility surpass $100 billion, according to reports citing unnamed officials. The Financial Express and Business Line both report that the inflows have crossed the milestone in dollar terms, reflecting continued foreign currency remittances tied to the overseas deposit program.
Business Line adds that the additional inflows raise RBI reserves to a record high of $729.3 billion. The two outlets focus on the scale of the flows and the resulting impact on central-bank foreign exchange holdings, while Bloomberg frames the development as reaching the $100 billion threshold under the RBI overseas deposit mechanism. The sources do not provide detailed timing of when the milestone is reached, the breakdown by country or depositor category, or any policy changes that accompany the figures.
