Collections under RBI's dollar swap scheme exceed $72.8 billion
Indian banks raised $72.8 billion in foreign-currency funds under the Reserve Bank of India's (RBI) special swap facility as of August 21. This includes $65.4 billion from foreign currency non-resident deposits, $4.9 billion from overseas borrowings, and $2.6 billion from external commercial borrowings. The trend indicates a sharp increase in forex inflows, benefiting the economy.