India’s record foreign deposit push could cost RBI $10.6 billion: Why the diaspora fundraising drive may prove expensive

India's recent fundraising initiative among its diaspora is anticipated to incur significant expenses for the Reserve Bank of India. The unexpected surge in funds from the special deposit program may impose a financial burden, with economists estimating the cost could exceed twelve billion dollars. To counterbalance these expenses, the central bank might resort to foreign investments for financial relief.