Reserve Bank of India (RBI) has shortened the swap facility window for foreign currency non-resident (bank) or FCNR (B) deposits by a month to August 31, from the originally announced deadline of September 30, noting the higher-than-expected foreign currency inflow. The central bank has received $52.30 billion of inflows through these deposits until August 13, the latest update from RBI showed.“Based on the encouraging response to the swap facility for FCNR(B) deposits and the resultant forex inflows, it has been decided that the swap facility for FCNR(B) deposits will be available only for deposits mobilized till August 31, 2026. The swaps under this facility i.e. FCNR(B) deposits, may be availed with RBI till September 11, 2026,” the RBI said.Also read: RBI says special forex swap facility for FCNR(B) deposits attract $52.3 billionThe facility, operationalised on June 8 to boost dollar inflows and strengthen foreign exchange reserves, allows banks to swap eligible overseas borrowings with the central bank at concessional rates, significantly lowering their cost of funds.Total foreign inflows due to the special measures announced by RBI amounted to $56.84 billion until August 13, up from $40.81 billion previously reported by the central bank as on July 31. The inflows were largely driven by FCNR(B) deposits which accounted for $52.30 billion of the inflows. Dollar inflows from external commercial borrowings (ECBs) and overseas foreign currency borrowings (OFCBs) have been comparatively modest at $1.74 billion and $2.80 billion respectively, RBI data showed.However, the swap scheme for ECBs and OFCBs will continue to be open till December 31, 2026, as originally planned, RBI said.