India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains near ₹95-96 per dollar. The inflows are primarily strengthening RBIs foreign-exchange buffers rather than being used to push the currency higher.

RBI reports $72.85 billion forex inflows through FCNR(B), OFCBs, and ECBs as of August 21, 2026.

India has received $72.8 billion in dollar inflows through FCNR(B) deposits, external commercial borrowings and overseas foreign currency borrowings under the RBIs special swap…

MUMBAI: Banks have mobilised $72.8 billion of foreign-currency inflows under RBI's special swap facility as of Aug 21, with the pace of mobilisation accelerating sharply in recent…

India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBIs 2013 FCNR(B) swap scheme, the finance ministry said.