New Delhi: Indian banks have mobilised $72.848 billion in foreign-currency inflows through the Reserve Bank of India’s special forex swap facility as of August 21, 2026, according to RBI data. Foreign Currency Non-Resident (Bank) or FCNR(B) deposits accounted for the bulk of the mobilisation, contributing $65.397 billion, while external commercial borrowings and overseas foreign-currency borrowings added to the overall inflow.
The RBI’s initiative was designed to encourage banks to raise foreign-currency funds and strengthen dollar liquidity in the domestic financial system. Of the remaining inflows, overseas foreign-currency borrowings accounted for about $4.9 billion, while external commercial borrowings contributed nearly $2.6 billion. The scale of mobilisation highlights strong participation by banks in the central bank’s temporary measures to improve foreign-exchange availability.
The latest figures come after the RBI decided to bring the FCNR(B) deposit swap facility to an earlier close, with the window ending on August 31 instead of the originally planned September 30. The facility had attracted substantial deposits from non-resident Indians, helping boost India’s foreign-exchange reserves and supporting external-sector stability.
The inflows have contributed to a significant improvement in India’s reserve position. The country’s foreign-exchange reserves rose to a six-month high of $716.9 billion as of August 14, after increasing by nearly $10 billion in a week. The RBI’s measures, alongside sustained capital inflows, have helped strengthen the external balance and provide greater support to the rupee amid global currency and financial-market uncertainties.
