Economy News

RBI Forex Swap Facility

September 5 , 2026 14 hrs 0 min 15 0

The Reserve Bank of India (RBI) forex swap facility has mobilised over $136 billion through foreign exchange inflows.
A total of $136.377 billion was mobilised, including $127.226 billion through Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits, $5.260 billion through Overseas Foreign Currency Borrowings (OFCBs), and $3.891 billion through External Commercial Borrowings (ECBs).
The RBI introduced the special USD-INR forex swap facility on June 8, 2026, to manage foreign exchange outflows caused by high oil prices and Foreign Portfolio Investor (FPI) outflows.
The FCNR(B) deposit facility, originally open until September 30, 2026, was closed early on August 31, 2026, due to higher-than-expected inflows.
The inflows are expected to strengthen India's foreign exchange reserves and provide support to the Indian rupee.