As of 21 August 2026, which channel accounted for the largest share of the roughly $72.85 billion mobilised under the RBI's special USD-INR forex swap facility launched in June 2026?

Question

Accepted Answer

C. FCNR(B) deposits. The Reserve Bank of India's special USD-INR forex swap facility, introduced on 8 June 2026 to channel foreign currency inflows through FCNR(B) deposits, External Commercial Borrowings and Overseas Foreign Currency Borrowings, had attracted total inflows of $72.85 billion as of 21 August 2026, RBI data released on 22 August 2026 showed. FCNR(B) deposits accounted for $65.40 billion, or nearly 90 per cent of the total, while OFCBs contributed $4.86 billion and ECBs $2.59 billion. The window for FCNR(B) deposits closes on 31 August 2026, while the ECB/OFCB window remains open until 31 December 2026.

Answer

A. External Commercial Borrowings (ECBs)

Answer

B. Overseas Foreign Currency Borrowings (OFCBs)

Answer

C. FCNR(B) deposits

Answer

D. Non-Resident External (NRE) deposits