RBI says $40.82 billion mobilised under forex swap facility till July 31
The Reserve Bank of India reported that its concessional forex swap facility has successfully mobilized $40.82 billion as of July 31, 2026. The initiative aims to bolster foreign exchange liquidity and strengthen the country's balance of payments.
Why it matters
The success of this facility indicates effective central bank intervention in stabilizing the national currency and managing external sector pressures.
The Reserve Bank on Saturday (August 1, 2026) said its concessional swap facility, introduced to encourage foreign currency inflows, has attracted $40.82 billion till July 31.
The swap facility has seen avid interest and attracted steady forex inflows since June 8, 2026, the central bank said in a statement.
A strong mobilisation was witnessed through Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.
Of the total inflows, FCNR (B) deposits accounted for $36.725 billion, while Overseas Foreign Currency Borrowings (OFCBs) contributed $2.575 billion while External Commercial Borrowings (ECBs) amounted to $1.516 billion.
With a view to strengthening the country's balance of payments and incentivising capital inflows, the Reserve Bank of India (RBI) had announced a series of measures, including a facility for offering concessional swaps for fresh FCNR(B) deposits, OFCB and ECB inflows on June 5.
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