RBI's forex swap facility draws $72.85 billion in inflows

2 entries, oldest to newest.

• 2026-08-18

  RBI advances FCNR(B) forex swap window deadline to 31 August

  The Reserve Bank of India has advanced the deadline for banks to raise Foreign Currency Non Resident (Bank) deposits under its special forex swap facility from 30 September to 31 August 2026, citing a strong response since the facility opened on 8 June. Banks may still enter into dollar rupee swaps with the RBI against these deposits until 11 September. The facility, which also covers External Commercial Borrowings and Overseas Foreign Currency Borrowings, had drawn total inflows of about USD 56.8 billion by 13 August, with FCNR(B) deposits alone accounting for USD 52.3 billion.

• 2026-08-23

  RBI's forex swap facility draws $72.85 billion in inflows

  Data released by the Reserve Bank of India on 22 August 2026 showed its special USD-INR forex swap facility, introduced on 8 June 2026, had attracted total inflows of $72.85 billion as of 21 August 2026. FCNR(B) deposits accounted for $65.40 billion, nearly 90 per cent of the total, while Overseas Foreign Currency Borrowings contributed $4.86 billion and External Commercial Borrowings $2.59 billion. The window for FCNR(B) deposits closes on 31 August 2026, while the facility remains open for ECBs and OFCBs until 31 December 2026.