The Reserve Bank of India (RBI) today said its special US dollar-Indian rupee (USD-INR) forex swap facility has received forex inflows of 72.85 billion US dollars till August 21, 2026. Of the total inflows, Foreign Currency Non-Resident (Bank) [FCNR-B] deposits accounted for the overwhelming majority, amounting to 65.4 billion US dollars. Meanwhile, Overseas Foreign Currency Borrowings (OFCBs) brought in 4.86 billion US dollars and External Commercial Borrowings (ECBs) contributed 2.59 billion US dollars.
The Reserve Bank introduced the special USD-INR forex swap facility covering FCNR(B) deposits, ECBs and OFCB inflows on June 8, 2026. The swap facility, announced to boost the inflow of dollars amid a weakening rupee, was originally available until the end of September, but it was shortened by a month due to the encouraging response to the facility, which resulted in the required amount of foreign exchange flow into the country. The scheme is now open until August 31, 2026, for FCNR(B) deposits, while the facility for ECBs and OFCBs remains open until December 31, 2026.
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