Brief by Shorts91 Newsdesk / 03:45am on 25 Aug 2026,Tuesday India Global
The Reserve Bank of India’s FCNR(B) forex swap scheme mobilised $73 billion in foreign exchange inflows, significantly exceeding the $26 billion attracted by its 2013 FCNR(B) swap scheme over nearly three months. Of the latest mobilisation, FCNR(B) deposits accounted for $65.40 billion. The strong response led the central bank to close the facility early. The scheme was aimed at mobilising foreign exchange through FCNR(B) deposits, with the scale of inflows highlighting strong participation from banks and depositors. The latest mobilisation marks a substantial increase compared with the 2013 initiative and underscores the scale of foreign exchange raised through the RBI’s latest swap facility. The RBI’s forex initiative therefore generated considerably higher inflows than its previous programme. (PC: X)
