Indian Banks Raise $32 Billion via Dollar‑Inflow Schemes, Says RBI Governor

The Reserve Bank of India’s governor, Shaktikanta Das, confirmed that Indian banks have raised $32 billion through a series of dollar‑inflow schemes, a move that strengthens the country’s foreign exchange reserves. The schemes, which include the issuance of foreign currency bonds and participation in international investment funds, have attracted significant foreign capital. RBI’s policy framework encourages such inflows to meet the growing demand for foreign currency liquidity in the domestic market. Analysts expect the influx to support continued economic growth and provide a buffer against external shocks.