RBI's FX measures garner $72.85 bln since Jun 8, FCNR(B) deposits $65.40 bln
This story was originally published at 14:44 IST on 22 August 2026
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--RBI: Banks raised $4.86 bln via offshore FX borrow Jun 8-Fri under scheme
--RBI: PSUs' external commercial borrow $2.59 bln Jun 8-Fri under scheme
--RBI: $72.85 bln FX inflows mobilised under schemes announced Jun till Fri
--RBI: Got $65.40 bln FCNR(B) deposits under special scheme Jun 8-Aug 21
NEW DELHI – The Reserve Bank of India's measures to boost foreign capital inflows have attracted $72.85 billion from Jun. 8 till Friday, the central bank said Saturday, based on data from authorised dealer banks, which include foreign banks. Inflows were from foreign currency non-resident bank deposits, overseas foreign currency borrowings by banks, and external commercial borrowings by public sector undertakings.
Nearly 90% of these inflows came from FCNR(B) deposits at $65.40 billion. Banks raised $4.86 billion through overseas foreign currency borrowings during the same period, the RBI said. External commercial borrowings by public-sector undertakings were at $2.59 billion, as per the data. The RBI has set a target of raising $90 billion through the three facilities by the end of 2026.
In a bid to boost inflows, the RBI in June announced a swap window where it will bear the hedging costs of banks converting capital raised through mobilising three- to five-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 RBI's swap facility for FCNR(B) deposits will now be available for deposits mobilised till Aug. 31, against the previous deadline of Sept. 30. The other swap facilities by RBI--for the external commercial borrowings of public-sector undertakings and offshore foreign currency borrowings of banks, offering a concessional rate of 1.5% per annum, will remain open till Dec. 31, as announced earlier. End
US$1 = INR 95.70
Reported by Priyasmita Dutta
Edited by Akul Nishant Akhoury
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