Data on Forex inflows via FCNR(B) Deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) under Reserve Bank’s Swap facility
RBI 4 hrs ago·21 Sept 2026, 1:05 pm
Economy RBI
The Reserve Bank of India introduced a special USD‑INR forex swap facility on June 8, 2026 to channel foreign currency inflows from FCNR(B) deposits, external commercial borrowings (ECBs) and overseas foreign currency borrowings (OFCBs). The scheme remains open for FCNR(B) deposits until August 31, 2026 and will stay active for ECBs and OFCBs through December 31, 2026, with the latest position data reported by authorised dealer banks as of September 18, 2026.
For investors, the facility provides a managed route for foreign currency to be swapped at RBI‑determined rates, helping to smooth rupee volatility and support liquidity for firms that rely on overseas funding. By absorbing these inflows, the RBI aims to mitigate sharp exchange‑rate swings that could affect import‑export margins and corporate earnings.
Market participants should monitor updates on the volume of inflows under the scheme, any extensions or adjustments to the facility’s timeline, and the resulting impact on rupee movements and borrowing costs for companies with external debt.
Key takeaways
- Category: Economy.
- Flagged as a high-impact, market-moving story.
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