More Stories

Informist, Monday, Jul. 20, 2026

 

Please click here to read all liners published on this story

--RBI: $20.72 bln FX inflows mobilised under schemes announced Jun 5 till Fri 
--RBI: Got $17.41 bln FCNR(B) deposits Jun 8-Fri under special scheme 
--RBI: Bks raised $1.97 bln via offshore FX borrow Jun 8-Fri under scheme 
--RBI: PSUs' external commercial borrow $1.34 bln Jun 8-Fri under scheme 
--RBI:Concessional swap window saw avid interest, steady inflows since Jun 8 

 

MUMBAI – The slew of measures the Reserve Bank of India had announced on Jun. 5 to boost foreign capital in India attracted inflows worth $20.72 billion from Jun. 8 till Friday, the central bank said in a release Monday, based on data from authorised dealer banks, which include foreign banks. This was more than several market participants had estimated. The data includes inflows from foreign currency non-resident bank deposits, banks' overseas foreign currency borrowing and public sector undertakings' external commercial borrowing. A chunk of these inflows came from foreign currency non-resident bank deposits, at $17.41 billion. This was about 40% of market participants' expectations of $43 billion to be raised through these deposits by Sept. 30--the last day of the RBI's zero-cost swap facility.

 

Banks have raised $1.97 billion through overseas foreign currency borrowings in the same period, the RBI said. External commercial borrowing by public-sector undertakings were $1.34 billion, as per the data. The RBI has set a target of raising $90 billion through a mix of the three facilities by end of 2026, Informist had reported Friday. The central bank last month rolled out a swap window where it will bear the hedging costs of banks converting capital raised through mobilising 3-5 year FCNR(B) deposits. It also rolled out swap facilities for public sector undertakings' external commercial borrowings and banks' offshore foreign currency borrowings, offering a concessional rate of 1.5% per annum. "The swap facility has seen avid interest and attracted steady forex inflows since Jun. 8, 2026," the release said.

 

Several market participants had expected the inflows to top $25 billion by end of this month. However, the pace of inflows has been slow, several economists and market participants have said, with last week being an exception--bringing in healthy inflows, some said. Raising FCNR(B) deposits has improved after the RBI's publication of Frequently Asked Questions on the same, market participants have said. Barclays in a note Thursday said a resumption of tensions in West Asia and higher oil prices are weighing on the rupee and could fuel further pressure on shoring up capital in the near-term. Banks and fund-raisers are also facing technical and operational issues in raising foreign funds, they've said.  End

 

US$1 = INR 96.4450

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

 

Reported by Cassandra Carvalho

Edited by Akul Nishant Akhoury

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.