RBI's special forex swap facility draws over Rs.3.89 lakh crore by July-end; FCNR(B) deposits dominate inflows
New Delhi, Aug. 2 -- The Reserve Bank of India's (RBI) special foreign exchange swap facility has attracted USD 40.816 billion in forex inflows as of July 31, 2026, almost doubling from USD 20.718 billion reported on July 17. The sharp increase highlights the strong response to the central bank's initiative aimed at boosting foreign currency inflows and reinforcing India's balance of payments.
According to the RBI's latest data, Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits remained the primary source of inflows, contributing USD 36.725 billion. Overseas Foreign Currency Borrowings (OFCBs) accounted for USD 2.575 billion, while External Commercial Borrowings (ECBs) added another USD 1.516 billion. Combined, these three channels...
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