Banks mobilise USD 65.4 billion of FCNR(B) deposits, total forex inflows hit USD 72.8 billion: RBI
Economic Times 2 hrs ago·22 Aug 2026, 2:28 pm
The Reserve Bank of India (RBI) has successfully mobilised USD 65.4 billion through a special foreign currency swap facility. This program allows banks to raise funds in foreign currency and swap them for rupees, effectively increasing the supply of dollars in the domestic market. The total foreign currency inflows through this window have now reached USD 72.8 billion, marking a significant increase compared to the previous record set in 2013.
This move is a positive development for the Indian economy as it boosts foreign exchange reserves. A stronger forex position helps stabilize the rupee against the dollar and reduces the risk of capital outflows. For investors, this indicates that the central bank is actively managing liquidity to ensure financial stability in a volatile global environment.
Investors should watch the RBI’s future statements to see if this facility will be extended or expanded. The success of this program could set a precedent for future interventions to support the rupee and maintain orderly market conditions.
Excerpt from Economic Times
Updated On Aug 22, 2026 at 07:58 PM IST The Reserve Bank of India ’s special forex swap facility has drawn USD 65.397 billion of FCNR(B) deposits as of August 21 and total foreign currency inflows under the facility reaching USD 72.848 billion, according to the RBI data released on Saturday. FCNR(B) deposits account…Read the original at Economic Times
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