RBI's dollar-rupee swap facility helps rake in $73 billion forex in 11 weeks

IANS | August 24, 2026 8:25 PM

New Delhi, Aug 24 (IANS) The Reserve Bank of India's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings (OFCB), and External Commercial Borrowings (ECB), launched on June 8, has driven an unprecedented surge in foreign exchange inflows into the country to the tune of $73 billion as on August 21, according to a Finance Ministry statement on Monday.

India has enough sugar, prices likely to ease in coming weeks: ISMA

IANS | August 24, 2026 7:20 PM

New Delhi, Aug 24 (IANS) India has sufficient sugar stocks to meet domestic demand, and prices are likely to moderate over the next few weeks as supplies improve, the Indian Sugar and Bio-energy Manufacturers Association (ISMA) said on Monday, dismissing concerns of an actual shortage in the market.

Govt monitoring onion prices, enough stock to meet domestic demand in coming months: Sources

IANS | August 24, 2026 5:35 PM

New Delhi, Aug 24 (IANS) The government is closely monitoring onion prices, market arrivals and availability across states to ensure adequate supplies and protect consumers from undue price volatility, government sources said on Monday, adding that onion availability is currently comfortable to meet domestic demand in the coming months, supported by an estimated production of 307.37 lakh metric tonnes (LMT) in 2025-26 which is in line with the previous year's production of 307.67 LMT.