Forex Inflows Under RBI Swap Facility Rise to USD 143.6 Billion

Forex inflows under RBI swap facility rise to USD 143.6 billion

Foreign exchange inflows under the Reserve Bank of India's special USD-INR forex swap facility have risen to USD 143.60 billion, with Foreign Currency Non-Resident (Bank) or FCNR(B) deposits increasing by about USD 5.75 billion from the provisional figure reported earlier this month.

FCNR(B) $133bn windfall: Banks gain funding boost, face future refinancing test

The large inflows have provided banks with a stable source of medium-term foreign currency funding at a time when lenders have been facing elevated credit-deposit ratios.

RBI forex swap window draws $143.59 bn, FCNR(B) deposits lead inflows

RBI decided to close the window for fresh FCNR(B) deposits on August 31, a month ahead of its original September 30 deadline, citing ‘encouraging response’

RBI revises FCNR(B) inflows upwards to USD 133 billion after robust response from NRIs

RBI revised FCNR(B) deposit collections upwards to USD 133 billion. The scheme's closing date was advanced by one month following a strong response from the Indian diaspora. The special forex swap facility for FCNR(B) deposits was launched on June 8, 2026. Total inflows under the facility reached USD 143.596 billion by September 18, 2026, with FCNR(B) deposits accounting for USD 132.980 billion of the total.

RBI forex swap inflows scale past USD 143.5 bn, led by USD 133 bn FCNR-B deposits: RBI

The central bank announced the measures as the rupee came under too much pressure and was within spitting distance from plumbing the 97 level.

RBI's forex swap scheme pulls in record $143.6 billion till Sep 18  - BusinessToday

Of this, $132.980 billion came through FCNR(B) deposits, while overseas foreign currency borrowings (OFCBs) brought in $5.320 billion, and external commercial borrowings (ECB) $5.296 billion