New Delhi, Aug. 3 -- The Reserve Bank of India's (RBI) special concessional swap facility for Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits has led to a sharp surge in overseas foreign currency inflows, with outstanding FCNR(B) deposits rising by nearly 86 per cent in less than two months.

According to RBI's latest bank-wise data, outstanding FCNR(B) deposits increased from USD 32.56 billion as on June 5, 2026, the day the central bank announced the special measures, to USD 60.55 billion by July 30, 2026.

This translates into an increase of nearly USD 28 billion in less than two months.

The special facility was announced on June 5 and operationalised on June 8 with the objective of strengthening India's balance of payments an...