Report
India’s bank deposits hit a record near $3 trillion in September
Reuters reports in The Economic Times that the RBI’s discounted swap window attracted around $133 billion in foreign-currency deposits.
TLDR
Reuters reports in The Economic Times that India’s banking-system deposits reached around 284 trillion rupees ($2.99 trillion) in late September. The RBI’s discounted swap window drew around $133 billion in inflows before closing on August 31. Lenders also built funding buffers ahead of quarter-end; deposits were up 8.4% from March at September’s end.
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