Saturday, August 22


Image used for representational purposes only. Photo: Special Arrangements.

The Reserve Bank of India (RBI) on Saturday (August 22, 2026) said that $72,85 billion [$72,848 million] of foreign exchange has been generated via FCNR(B) Deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) under the Reserve Bank Swap facility as on August 21, 2026.

The position of forex inflows as reported by Authorised Dealer Banks to the RBI till August 21, 2026 includes $64.40 billion by way of FCNR (B) deposits; $4.86 billion via OFCBs and $2.59 billion by ECBs.

The RBI had introduced a special USD-INR Forex Swap facility covering FCNR(B)

deposits, ECB and OFCB inflows on June 08, 2026 to swell it’s forex reserve that was under pressure due to depreciation of the Indian Rupee on account of FPI outflow and high oil import bill. 

As already announced on August 14, 2026, the Scheme is open till August 31, 2026, for FCNR(B) deposits, and up to December 31, 2026 for ECBs and OFCBs.



Source link

Share.
Leave A Reply

Exit mobile version