India, Aug. 25 -- The Reserve Bank of India's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings (OFCB) and External Commercial Borrowings (ECB), launched on June 8, 2026, has mobilised $73 billion in foreign exchange inflows as of August 21, according to the government.

FCNR(B) deposits alone accounted for $65.40 billion, highlighting the strong response from Non-Resident Indians (NRIs) to the scheme.

The response underscores the continued strength of the Indian diaspora, which has placed its confidence in the country's banking system and demonstrated its economic and emotional stake in India's growth story by channeling savings into FCNR(B) deposits at a pace that has exceeded expectations....