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”.

Invest: RBI’s USD-INR Swap Facility collects $73bn

Indian diaspora reposed faith in banking system, says Ministry The Reserve Bank of India’s special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings (OFCB) and External Commercial Borrowings (ECB), launched on June 8, 2026, has driven an unprecedented surge in foreign exchange inflows into the country by mobilizing US$73 billion as on […] Source

RBI’s USD-INR Swap Facility Sparks Unprecedented Forex Inflows, Banks Raise USD 73 Billion in 11 weeks – The Indian Awaaz

Last Updated on August 25, 2026 12:33 am by INDIAN AWAAZ The Reserve Bank of India’s special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings (OFCB) and External Commercial Borrowings (ECB), launched on June 8, 2026, has driven an unprecedented surge in foreign exchange inflows into the country by mobilizing total foreign exchange inflows of US $73 billion as on August 21, 2026, according to a press release …

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(…