The RBI’s special USD-INR forex swap facility has raised a record $73 billion in 11 weeks, marking a new high for foreign-currency mobilisation in the country. The strong inflow has prompted an early closure of the FCNR(B) deposit window on 31 August 2026.
FCNR(B) window to close early
The window was scheduled to remain open for longer, but will now shut one month early after the record amount was raised through the facility. The development concerns deposits held under the FCNR(B) arrangement.
The reported figure places the latest USD-INR swap mobilisation above all previous records mentioned in the supplied material. No further details about the facility or the deposit window were provided.
