RBI's forex swap facility draws $136 billion, FCNR-B deposits lead

business-standard.com

The Reserve Bank of India's special USD-INR forex swap facility attracted over $136 billion in inflows by August 31, 2026, with FCNR-B deposits dominating at $127.2 billion. The facility, launched June 8, 2026, aimed to boost dollar inflows amid a weakening rupee. OFCBs contributed $5.26 billion and ECBs $3.89 billion. The scheme's deadline was shortened by a month due to strong response. The facility has now closed for FCNR-B deposits, while ECBs and OFCBs remain eligible until December 31, 2026.


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