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RBI Swap Scheme
August 4 , 2026
21 hrs 0 min
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- RBI’s concessional swap facility attracted over $40.8 billion foreign exchange (forex) inflows by July 31, 2026.
- The facility was launched on June 5, 2026, to encourage foreign currency inflows and support domestic liquidity.
- Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits contributed the highest share with $36.725 billion, followed by Overseas Foreign Currency Borrowings (OFCBs) and External Commercial Borrowings (ECBs).
- The scheme aims to strengthen forex reserves, stabilise the Indian rupee, and improve foreign currency liquidity amid global economic pressures.
- FCNR(B) swap window will remain open until September 30, 2026, while the OFCB and ECB facility continues until December 31, 2026.
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