The Reserve Bank of India (RBI) said its special US dollar-Indian rupee (USD-INR) forex swap facility has attracted foreign exchange inflows worth $72.85 billion as of August 21, 2026.
Foreign Currency Non-Resident (Bank) (FCNR-B) deposits accounted for the bulk of the inflows at $65.4 billion, while Overseas Foreign Currency Borrowings (OFCBs) contributed $4.86 billion and External Commercial Borrowings (ECBs) brought in $2.59 billion.
The RBI introduced the special USD-INR forex swap facility on June 8 to boost dollar inflows amid pressure on the rupee. The facility covers FCNR-B deposits, ECBs and OFCB inflows.
The scheme was initially scheduled to remain open until the end of September. However, following the strong response and the substantial foreign exchange inflows generated, the RBI shortened the window for FCNR-B deposits by a month.
The facility for FCNR-B deposits will now remain open until August 31, 2026, while the swap window for ECBs and OFCBs will continue until December 31, 2026.
The strong inflows are expected to improve foreign exchange liquidity and help ease pressure on the rupee.
