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Informist, Friday, Jun. 19, 2026

 

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--RBI: AD Category I banks advised to submit daily data on FCNR(B) deposits
--RBI: AD Category I bks to submit daily data on external commercial borrow 
--RBI: AD Category I banks to submit daily data on overseas FX loans
--RBI: Bks to Mon submit data on FCNR(B) deposits received from Jun 8
--RBI: Bks to Mon submit data on overseas FX loans received from Jun 8
--RBI: Bks to Mon submit data on external commercial borrow raised from Jun 8 
 

 

 

 

 

 

MUMBAI – The Reserve Bank of India has asked authorised dealers category-I banks to submit daily data on flows received through foreign currency non-resident bank deposits and external commercial borrowings every day by 1800 IST starting Monday. Banks should also submit data on overseas foreign currency borrowings starting Monday, the central bank said in a notification. 

 

"In case of no transactions during the day, a NIL statement should be submitted (except on Saturdays and holidays)," according to the notification. The data on FCNR(B) deposits, external commercial borrowings, and overseas foreign currency borrowings from Jun. 8 till date should be submitted along with the first reporting due on Monday, the RBI said.

 

The central bank this month announced a concessional dollar-rupee swap for overseas borrowing and forex swap facility for external commercial borrowings to boost foreign exchange inflows and support the domestic currency. It has also announced a facility to cover the full hedging costs for banks raising fresh three- to five-year FCNR(B) deposits till Sept. 30. The swap facility that came into effect on Jun. 8 will remain open till Oct. 16 for deposits mobilised between Jun. 8 and Sept. 30.

 

This week, the central bank also temporarily withdrew the interest rate ceiling on fresh FCNR(B) deposits of three- to five-year tenors and restriction on interest rates on Non-Resident External Account deposits of three-year or higher tenors, including deposits that are renewed upon maturity. The measure is effective immediately and will also be in place till Sept. 30.

 

According to an Informist Poll, the RBI's concessional dollar-rupee swap facility for external commercial borrowings and overseas foreign currency borrowings is expected to push overall overseas borrowing to $65 billion in financial year 2026-27 (Apr-Mar). Similarly, the central bank's swap facility for banks to raise fresh foreign currency non-resident deposits is expected to draw around $43 billion in inflows, according to another Informist Poll.  End

 

US$1 = INR 94.32

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by J. Navya Sruthi

Edited by Rajeev Pai

 

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