RBI forex swap facility draws $72.85 billion inflows, FCNR(B) deposits account for bulk
Of the total $72.848 billion mobilised under the facility, FCNR(B) deposits accounted for $65.397 billion. OFCBs contributed $4.860 billion, while ECBs brought in $2.591 billion.
- Aug 22, 2026,
- Updated Aug 22, 2026 3:18 PM IST
The Reserve Bank of India’s (RBI) special USD-INR forex swap facility has attracted $72.848 billion in total foreign exchange inflows through FCNR(B) deposits, Overseas Foreign Currency Borrowings (OFCBs) and External Commercial Borrowings (ECBs), data released by the central bank showed on Saturday.
The figures, based on data reported by authorised dealer banks up to August 21, 2026, show that FCNR(B) deposits have accounted for the overwhelming majority of inflows under the facility.
FCNR(B) deposits contribute $65.4 billion
Of the total $72.848 billion mobilised under the facility, FCNR(B) deposits accounted for $65.397 billion. OFCBs contributed $4.860 billion, while ECBs brought in $2.591 billion.
FCNR(B) deposits therefore accounted for nearly 90% of the total forex inflows reported under the facility, highlighting their dominant contribution to the mobilisation of foreign currency resources.
The RBI had introduced the special USD-INR forex swap facility on June 8, 2026. The facility covers inflows through FCNR(B) deposits, ECBs and OFCBs.
MUST READ: Why RBI closed FCNR(B) window early despite ruling it out two weeks earlier
FCNR(B) window closes on August 31
The RBI said the facility will remain open for FCNR(B) deposits until August 31, 2026. This gives banks and eligible participants a limited window to mobilise additional foreign currency deposits under the scheme.
In contrast, the facility covering ECBs and OFCBs will remain open until December 31, 2026, providing a longer period for inflows through these borrowing channels.
The latest data provide a snapshot of the foreign exchange resources mobilised through the facility ahead of the closure of the FCNR(B) window.
ALSO READ: RBI gives $50 billion boost: How FCNR(B) deposits are strengthening India’s forex position
Total inflows cross $72 billion
The $72.848 billion total includes all three categories covered by the RBI facility. FCNR(B) deposits at $65.397 billion were substantially higher than the combined inflows through OFCBs and ECBs, which stood at $7.451 billion.
The data were released by the RBI on August 22, 2026, under Press Release 2026-2027/948.
The central bank’s figures represent inflows reported by authorised dealer banks as of August 21 and do not provide a further breakdown of individual banks or the specific terms of the transactions.
The Reserve Bank of India’s (RBI) special USD-INR forex swap facility has attracted $72.848 billion in total foreign exchange inflows through FCNR(B) deposits, Overseas Foreign Currency Borrowings (OFCBs) and External Commercial Borrowings (ECBs), data released by the central bank showed on Saturday.
The figures, based on data reported by authorised dealer banks up to August 21, 2026, show that FCNR(B) deposits have accounted for the overwhelming majority of inflows under the facility.
FCNR(B) deposits contribute $65.4 billion
Of the total $72.848 billion mobilised under the facility, FCNR(B) deposits accounted for $65.397 billion. OFCBs contributed $4.860 billion, while ECBs brought in $2.591 billion.
FCNR(B) deposits therefore accounted for nearly 90% of the total forex inflows reported under the facility, highlighting their dominant contribution to the mobilisation of foreign currency resources.
The RBI had introduced the special USD-INR forex swap facility on June 8, 2026. The facility covers inflows through FCNR(B) deposits, ECBs and OFCBs.
MUST READ: Why RBI closed FCNR(B) window early despite ruling it out two weeks earlier
FCNR(B) window closes on August 31
The RBI said the facility will remain open for FCNR(B) deposits until August 31, 2026. This gives banks and eligible participants a limited window to mobilise additional foreign currency deposits under the scheme.
In contrast, the facility covering ECBs and OFCBs will remain open until December 31, 2026, providing a longer period for inflows through these borrowing channels.
The latest data provide a snapshot of the foreign exchange resources mobilised through the facility ahead of the closure of the FCNR(B) window.
ALSO READ: RBI gives $50 billion boost: How FCNR(B) deposits are strengthening India’s forex position
Total inflows cross $72 billion
The $72.848 billion total includes all three categories covered by the RBI facility. FCNR(B) deposits at $65.397 billion were substantially higher than the combined inflows through OFCBs and ECBs, which stood at $7.451 billion.
The data were released by the RBI on August 22, 2026, under Press Release 2026-2027/948.
The central bank’s figures represent inflows reported by authorised dealer banks as of August 21 and do not provide a further breakdown of individual banks or the specific terms of the transactions.