FX & Currency #foreign deposits#swaps
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.
Jul 20, 2026 1 source