India Raises $73 Bn in Forex Inflows at Record Pace

India raises $73 bn in forex inflows at record pace

India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBIs 2013 FCNR(B) swap scheme, the finance ministry said.

RBI forex swap facility mobilises $73 billion, driven by $65.4 billion in FCNR deposits

The massive capital inflow builds crucial foreign-currency buffers for India's banking system amid heightened global market volatility.

External buffers fortified with ‘maximum cost-efficiency’: Finance Ministry on forex swap windows

According to the finance ministry, the FCNR(B) swap window had “achieved its objective ahead of schedule”.

Title: RBI’s Concessional Forex Swap Scheme Mobilises $73 Billion in Less Than 11 Weeks I Economy India

FCNR(B) deposits account for $65.40 billion as strong NRI participation boosts India’s foreign exchange inflows New Delhi (Economy India): The Reserve Bank of India’s (RBI) special concessional USD-INR forex swap scheme has mobilised $73 billion in foreign exchange inflows as of August 21, 2026, in less than 11 weeks, highlighting a strong response from Non-Resident Indians (NRIs) and overseas depositors. According to the Finance Ministry, FCNR(…

Banks Raise USD 73 Billion in Eleven Weeks: Ministry of Finance

India’s banking sector has mobilised USD 73 billion in foreign exchange inflows in less than 11 weeks under the Reserve Bank of India’s special USD-INR forex swap facility, the Ministry of Finance said. The facility, launched on June 8, 2026, covers FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Also Read: NPAs Are at the Lowest Ever Indian Banking Has Seen: Finance Minister Nirmala Sitharaman Scheme S…

RBI's Dollar-Rupee Swap Facility Helps Rake In $73 Billion Forex In 11 Weeks

New Delhi: The Reserve Bank of India's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings (OFCB), and External