MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release:
RBI had introduced a special USD-INR Forex Swap facility covering FCNR(B) deposits, ECBs and OFCB inflows on June 08, 2026.
The position of forex inflows as reported by Authorised Dealer Banks till August 13, 2026 under the above facility is given below:
Type Amount
(USD million) FCNR(B) Deposits 52,300 OFCBs 2,805 ECBs 1,741 Total 56,846
Based on the encouraging response to the Swap Facility for FCNR(B) deposits and the resultant forex inflows, it has been decided that the Swap facility for FCNR(B) deposits will be available only for deposits mobilized till August 31, 2026. The Swaps under this facility i.e. FCNR(B) deposits, may be ...