RBI foreign exchange swap facility attracts $72.85 billion inflows, FCNR(B) deposits account for bulk
FCNR(B) deposits contribute $65.4 billion
Of the overall $72.848 billion mobilised beneath the power, FCNR(B) deposits accounted for $65.397 billion. OFCBs contributed $4.860 billion, whereas ECBs introduced in $2.591 billion.
FCNR(B) deposits due to this fact accounted for practically 90% of the overall foreign exchange inflows reported beneath the power, highlighting their dominant contribution to the mobilisation of overseas foreign money sources.
The RBI had launched the particular USD-INR foreign exchange swap facility on June 8, 2026. The ability covers inflows by means of FCNR(B) deposits, ECBs and OFCBs.
MUST READ: Why RBI closed FCNR(B) window early regardless of ruling it out two weeks earlier
FCNR(B) window closes on August 31
The RBI mentioned the power will stay open for FCNR(B) deposits till August 31, 2026. This offers banks and eligible individuals a restricted window to mobilise further overseas foreign money deposits beneath the scheme.
In distinction, the power masking ECBs and OFCBs will stay open till December 31, 2026, offering an extended interval for inflows by means of these borrowing channels.
The newest information present a snapshot of the overseas change sources mobilised by means of the power forward of the closure of the FCNR(B) window.
Whole inflows cross $72 billion
The $72.848 billion complete consists of all three classes lined by the RBI facility. FCNR(B) deposits at $65.397 billion have been considerably larger than the mixed inflows by means of OFCBs and ECBs, which stood at $7.451 billion.
The information have been launched by the RBI on August 22, 2026, beneath Press Launch 2026-2027/948.
The central financial institution’s figures characterize inflows reported by authorised supplier banks as of August 21 and don’t present an additional breakdown of particular person banks or the particular phrases of the transactions.
