RBI says forex inflows under swap facility reach $72.85 billion as FCNRB mobilisation tops $65 Billion
The Reserve Bank of India reported that forex inflows under its special USD-INR swap facility reached $72.85 billion as of August 21. Of this, $65.397 billion came from Foreign Currency Non-Resident (Bank) deposits, making up nearly 90% of the total. The FCNR(B) deposit window closes on August 31, indicating strong interest from banks and overseas depositors.