Topic
foreign exchange
Finance RBI's Swap Scheme May Attract $80-85 Billion in Forex Inflows, Says SBI Report
The Reserve Bank of India's concessional swap facility could attract $80-85 billion in foreign currency inflows, led by FCNR(B) deposits, according to a report by SBI Research. By July 17, inflows reached nearly $20 billion, providing a positive reprieve for India's external sector. The report projects a balance of payments surplus of over $50 billion for FY27.
Finance Bank of Baroda, Bank of India target over $6 billion through forex mop-up schemes
Bank of Baroda and Bank of India are targeting over $6 billion in foreign capital through FCNR(B) deposits, medium-term notes, and foreign currency bonds. RBI has undertaken to cover forex risk via dollar swaps. Banks have collectively raised over $17 billion so far.
Trade Finance Forex Inflow Crosses $20.7 Billion Under RBI Special Swap Scheme
Banks have mobilised over $20.7 billion in foreign exchange inflows under the Reserve Bank of India's special swap scheme, operationalised on 8 June 2026. The bulk came through FCNR(B) deposits at $17.4 billion, with smaller contributions from OFCBs and ECBs. The scheme aims to strengthen India's balance of payments and incentivise capital inflows.
Finance Inflow Boost: Foreign Deposits and Swaps Draw $20.7 Billion in 40 Days, RBI Reports
The Reserve Bank of India reported that $20.7 billion has been raised through its concessional swap facility for FCNR(B) deposits, OFCBs, and ECBs as of July 17, nearly double initial estimates. The scheme, announced June 5 and operational from June 8, aims to boost the balance of payments. Bankers expect total mobilisation of $80-85 billion by the window's close.
Finance India's forex boost: RBI swap scheme raises $20.72 billion so far, TOI reports
The Reserve Bank of India's foreign exchange swap scheme has raised $20.72 billion so far, according to the TOI Business Desk, boosting the country's forex reserves. This development has implications for trade finance costs and currency hedging for corporate treasuries.
Finance Led by NRI deposits, RBI swaps may draw $80-85 billion in foreign capital
Bankers expect India to attract $80-85 billion through RBI's swap-backed initiatives spanning FCNR(B) deposits, external commercial borrowings, and overseas foreign currency bonds. Early traction is seen in NRI deposits, while PSUs and banks adopt a wait-and-watch approach for other instruments. The inflows are expected to support the rupee, which has been under pressure from global turmoil.
Finance India's Forex Reserves Surge $7.3 Billion to $674.2 Billion in Week Ended July 3
India's foreign exchange reserves increased by $7.3 billion to $674.2 billion in the week ended July 3, according to data from the Reserve Bank of India. The rise was fueled by a $4.5 billion jump in foreign currency assets and a $2.7 billion surge in gold holdings, the latter reflecting higher international gold prices. The buildup strengthens India's import cover and buffers against currency volatility.
Trade FEMA rules revision: Exporters flag at least half-a-dozen worries in RBI meeting
Exporters flagged several concerns regarding the proposed FEMA rules revision during a meeting with RBI Governor Sanjay Malhotra. Issues include a 14% contraction in priority sector export credit, a proposed provision restricting future exports on unrealized proceeds, and lack of clarity on merchanting trade and EDPMS for sanctioned markets. RBI indicated receptiveness to suggestions.
Trade Finance Rupee Tumbles 20 Paise Against US Dollar as Oil Rises and Dollar Strengthens
The Indian rupee weakened 20 paise against the US dollar on Wednesday, opening at 95.15 and slipping to 95.16 in early trade, erasing gains from the previous session. The decline was driven by rising Brent crude oil prices, a stronger US dollar index, and a weak domestic stock market opening, according to a Business-Today report.
Finance Rupee Slips to 95.4 as Spike in Dollar Demand Sparks OMC Return Speculation
The Indian rupee closed at 95.4 against the US dollar, falling 15 paise from its previous close, amid a surprise spike in dollar demand that has reignited speculation that public sector oil marketing companies (OMCs) have returned to the foreign exchange market. The Reserve Bank of India had earlier this year moved OMCs to a separate window to reduce market volatility.
Finance RBI’s Net Short Forward Position Hits Record $106.6 Billion Amid Rupee Pressure
According to a July 1, 2026 report by the TOI Business Desk for Business Today, the Reserve Bank of India's net short forward position hit a record $106.6 billion amid rupee pressure. The development signals heightened central bank intervention to support the currency, with implications for trade finance costs and forex hedging.
Trade Finance Exporters Flag Half-a-Dozen Concerns Over Revised FEMA Rules; RBI Considering Proposals
Exporters have flagged at least half-a-dozen concerns regarding revised Foreign Exchange Management Act (FEMA) rules that take effect later this year, with the Reserve Bank of India (RBI) considering several proposals favourably. Key issues include a 14% fall in priority sector export credit, restrictive export realisation provisions, and difficulties with merchanting trade and EDPMS platforms.
Finance India's Forex Reserves Rise to $672.59 Billion After Gold Holdings Jump
India's foreign exchange reserves increased to $672.59 billion, according to a report by the TOI Business Desk of The Times of India. The rise was attributed to a jump in gold holdings.
Finance RBI Sold Nearly $9 Billion in Forex Spot Market in April Amid Rupee Pressure
The Reserve Bank of India (RBI) sold nearly $9 billion in the foreign exchange spot market in April to stem rupee depreciation, according to the Times of India. The intervention signals the central bank's active stance in managing currency volatility, with direct implications for corporate treasuries managing FX exposure and trade finance costs.
Business India's Forex Reserves Tumble Nearly $10 Billion as Gold Holdings See Sharp Drop
According to a report by Business-Today (TOI Business Desk) dated June 19, 2026, India's foreign exchange reserves dropped by nearly $10 billion, with gold holdings experiencing a sharp decline. The report did not provide further specifics.
Finance After RBI Measures, Banks Offer Up to 7% on Dollar Deposits, Boosting Arbitrage for Trade Finance
Following the Reserve Bank of India's free hedging window, banks are offering up to 7.1% on Foreign Currency Non-Resident (Bank) deposits. Yes Bank, AU Small Finance Bank, and Karur Vysya Bank lead with rates exceeding 7%, while larger peers offer around 6%. The development opens an arbitrage between offshore borrowing costs and onshore returns, with implications for trade finance and forex management for importers and exporters.
Trade Finance Rupee Strengthens to 95.41 Against US Dollar
The Indian rupee appreciated by 20 paise, reaching 95.41 against the US dollar. This currency movement could influence trade finance costs and availability.
Trade Finance RBI's Forex Risk Absorption to Boost Inflows by $50 Billion
The Reserve Bank of India (RBI) is set to absorb forex risks to attract overseas funds, potentially boosting inflows by $50 billion. This move involves no premium charges on FCNR(B) deposits and a 1.5% swap cost for external commercial borrowings, benefiting public sector undertakings.
Finance RBI's Strategic Moves to Bolster Rupee Amid $75 Billion Inflows
The Reserve Bank of India is implementing strategic measures to stabilize the rupee, potentially attracting up to $75 billion in capital inflows. These efforts include maintaining the repo rate at 5.25% and expanding the Fully Accessible Route for government securities.
Finance Rupee Strengthens as RBI Unveils Measures Amid Middle East Tensions
The Indian rupee appreciated by 50 paise to 95.24 against the US dollar following the RBI's announcement of measures to attract foreign capital. These steps aim to bolster India's balance of payments and support the rupee amid Middle East tensions.
Finance RBI's Income Surges 26% to ₹4.3 Lakh Crore on Dollar Gains
The Reserve Bank of India's income increased by 26% to ₹4.3 lakh crore in FY26, largely due to gains from dollar investments and forex market interventions. This growth reflects a strategic advantage in foreign currency operations and domestic bond income.