Mumbai, Aug. 17 -- GIFT Nifty:

GIFT Nifty August 2026 futures were down 21 points, suggesting a negative start for the Nifty 50 today.

RBI to close FCNR(B) forex swap facility window on 31 August:

The Reserve Bank of India (RBI) will close the window for mobilising foreign currency non-resident (bank) or FCNR(B) deposits under its special USD-INR forex swap facility on 31 August 2026, following strong forex inflows. As of 13 August, total inflows under the facility stood at $56.85 billion, including $52.30 billion through FCNR(B) deposits, $2.81 billion through OFCBs and $1.74 billion through ECBs. Swaps against eligible FCNR(B) deposits can be availed with the RBI until 11 September 2026, while the facility for ECBs and OFCBs will rem...