RBI swap facility brings nearly ₹2 lakh crore in forex inflows since June
The Reserve Bank of India (RBI) reported nearly ₹2 lakh crore in foreign exchange inflows since launching its concessional swap facility on June 8, 2026. This initiative aims to bolster India's external sector by encouraging foreign currency deposits, with the largest contributions coming from FCNR(B) deposits at $17.406 billion. The facility will remain available for FCNR(B) deposits until September 30, 2026, and for other borrowings until December 31, 2026.