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RBI to close FCNR(B) forex swap facility early after strong dollar inflow - The Economic Times
The Reserve Bank of India has closed its special forex swap facility early. This facility attracted significant foreign exchange inflows totaling $52.3 billion. The scheme for FCNR(B) deposits will now only accept funds mobilized until August 31. However, the swap facility for ECBs and OFCBs continues until December 2026. These channels collectively generated over $56 billion in forex inflows.
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economictimes.indiatimes.com
Banks continue to garner FCNR deposits at a brisk pace - The Economic Times
Indian banks are attracting foreign currency deposits at a brisk pace. Indian Bank and Central Bank of India have garnered substantial foreign currency deposits. The Reserve…
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FCNR, ECB measures to draw $90-95 bn capital inflows in FY27: Report
Concessional swap windows are expected to draw substantial capital inflows for India. These measures are projected to generate ninety to ninety-five billion dollars in capital…
