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.