August 2, 2026

Summary:

  • RBI reported that total forex inflows under its special swap facility reached USD 40.816 billion as of July 31, 2026.
  • The largest contribution came from FCNR(B) deposits (USD 36.725 billion), followed by OFCBs (USD 2.575 billion) and ECBs (USD 1.516 billion).
  • The facility was introduced in June 2026 to encourage foreign currency inflows and strengthen India’s foreign exchange reserves.

Why it matters:

  • Supports India’s forex reserves.
  • Can help stabilize the rupee.
  • Improves foreign currency liquidity in the banking system.
  • Reflects strong participation by banks and borrowers.

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