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🌏 India's $136bn haul looks like insurance, not rescue

🌏 India's $136bn haul looks like insurance, not rescue

India's central bank raised $136.4bn via a dollar deposit scheme, nearly five times its 2013 crisis-era haul, banking room to manage rates without hurting the rupee. Brazil, South Africa and Mexico show diverging emerging-market policy paths ahead of September meetings.

PIB graphic dated 3 September 2026 on GIFT IFSC as a banking hub, citing $52.8bn FCNR(B) swap, $11.62bn ECBs and $11.12bn bond listings.
GIFT IFSC mobilises over $52.8 billion under RBI’s FCNR(B) swap facility, plus $11.62 bn in ECBs and $11.12 bn in bond listings Source

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