New Delhi, June 10 -- The Reserve Bank of India (RBI) has reopened a special FCNR(B) swap window for banks to attract foreign currency deposits from non-resident Indians (NRIs), reviving a mechanism last used during the 2013 rupee crisis.

The facility, announced on 8 June, allows banks to mobilise fresh Foreign Currency Non-Resident (Bank), or FCNR(B), deposits and swap the proceeds with the RBI. The scheme will remain open for deposits mobilised until 30 September 2026, while banks can access the swap facility until 16 October 2026.

The move comes at a time when policymakers are looking to strengthen foreign currency inflows and support India's external position amid higher oil prices and a weak rupee.

Under the scheme, authorised dea...