India drew a record $127 billion from its vast diaspora, surpassing even the most optimistic estimates and giving policymakers a bigger war chest to defend the currency.

India's foreign exchange reserves reached a record $785.71 billion. This surge followed a significant increase in the previous week. Foreign currency assets saw a substantial…

India drew a record $127 billion from its vast diaspora, surpassing even the most optimistic estimates and giving policymakers a bigger war chest to defend the currency.