India's external commercial borrowings soared 74% YoY in June 2026, driven by RBI's swap mechanism and favorable rate differentials.

The RBI’s special forex swap facility has mobilised $73 billion in foreign exchange inflows as of August 21, with FCNR(B) deposits accounting for $65.4 billion, reflecting strong…

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.