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Informist, Saturday, Aug. 1, 2026

 

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--RBI: $40.82 bln FX inflows mobilised under schemes announced Jun 5 till Fri 
--RBI: PSUs' external commercial borrow $1.52 bln Jun 8-Fri under scheme 
--RBI: Bks raised $2.56 bln via offshore FX borrow Jun 8-Fri under scheme 
--RBI: Concessional swap window saw avid interest, steady inflows since Jun 8 
--RBI: Special scheme FCNR(B) deposit $36.7 bln since Jun 8, not Jul 8 

 

NEW DELHI – The Reserve Bank of India's Jun. 5 measures to boost foreign capital inflows attracted $40.82 billion from Jun. 8 till Friday, the central bank said on 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. A major portion of these inflows came from FCNR(B) deposits at $36.73 billion. This was over 85% of the market expectation of $43 billion to be raised through these deposits by Sept. 30, the last day of the RBI's zero-cost swap facility.

 

Banks raised $2.56 billion through overseas foreign currency borrowings during the same period, the RBI said. External commercial borrowings by public-sector undertakings were at $1.52 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. 

 

In a report, the State Bank of India said it expects FCNR(B) deposits to reach $65 billlion-$70 billion by the end of the scheme, while total inflows could be as high as $85 billion.  End

 

Reported by Vaishali Tyagi

Edited by Deepshikha Bhardwaj

 

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