Foreign exchange inflows under the Reserve Bank of India’s (RBI) special USD-INR forex swap facility reached $72.848 billion as of August 21, 2026, with FCNR(B) deposits accounting for the bulk of the mobilisation, according to the latest data released by the central bank.
Authorised dealer banks reported $65.397 billion through Foreign Currency Non-Resident (Bank) or FCNR(B) deposits, while overseas foreign currency borrowings (OFCBs) contributed $4.86 billion and external commercial borrowings (ECBs) accounted for $2.591 billion. The three components together totalled $72.848 billion.
How much forex has come in under the RBI swap facility?
The total foreign exchange inflow mobilised under the special USD-INR forex swap facility stood at $72.848 billion as of August 21.
The facility covers three channels — FCNR(B) deposits, overseas foreign currency borrowings (OFCBs) and external commercial borrowings (ECBs). The latest figures show that FCNR(B) deposits were by far the largest source of foreign currency mobilisation under the facility.
The total figure represents inflows reported by authorised dealer banks through the three components covered under the RBI-backed framework.
FCNR(B) deposits account for the bulk of inflows
FCNR(B) deposits contributed $65.397 billion to the total inflow as of August 21.
This represents about 89.8% of the total $72.848 billion mobilisation. As a result, FCNR(B) deposits accounted for nearly nine-tenths of the foreign currency inflows reported under the facility.
The contribution from FCNR(B) deposits was substantially higher than the amounts mobilised through the OFCB and ECB components.
How much came through OFCBs and ECBs?
Overseas foreign currency borrowings, or OFCBs, contributed $4.86 billion to the inflows as of August 21.
External commercial borrowings, or ECBs, accounted for another $2.591 billion.
Together, OFCBs and ECBs contributed approximately $7.45 billion. Their combined contribution was therefore significantly lower than the amount mobilised through FCNR(B) deposits.
The latest figures provide an update on the utilisation of the facility by authorised dealer banks through August 21.
When did RBI launch the forex swap facility?
The RBI introduced the special USD-INR forex swap facility on June 8, 2026.
The facility covers foreign currency inflows through FCNR(B) deposits, ECBs and OFCBs. It was designed to support foreign currency inflows through these channels and strengthen the availability of foreign exchange in the domestic financial system.
The latest data show the extent of foreign currency mobilisation through the three components since the facility was introduced.
What are the deadlines under the swap facility?
The facility has different closing dates for its components.
The window for FCNR(B) deposits remains open until August 31, 2026. The RBI had brought forward the FCNR(B) mobilisation deadline following the strong response to the facility.
The facility for ECBs and OFCBs will remain available until December 31, 2026.
The latest inflow figures therefore come shortly before the August 31 deadline for the FCNR(B) component, while the ECB and OFCB components have a longer window.
What do the latest RBI figures show?
The latest data show that the special USD-INR forex swap facility had mobilised $72.848 billion through the three covered channels by August 21.
Of this, $65.397 billion came through FCNR(B) deposits, $4.86 billion through OFCBs and $2.591 billion through ECBs. The figures add up to the total reported inflow of $72.848 billion.
FCNR(B) deposits remained the dominant source of foreign currency mobilisation, accounting for nearly 90% of the total. The figures also show that the combined contribution from OFCBs and ECBs was about $7.45 billion.
The data provide a snapshot of foreign currency mobilisation reported by authorised dealer banks under the RBI’s special forex swap facility as of August 21, 2026.
