August 25, 2026 12:00 AM
RBI’s USD-INR Swap Facility Sparks Unprecedented Forex Inflows, Banks Raise USD 73 Billion in 11 weeks
The Reserve Bank of India's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings (OFCB) and External Commercial Borrowings (ECB), launched on June 8, 2026, has driven an unprecedented surge in foreign exchang...




