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RBI revises FCNR(B) inflows upwards to USD 133 billion after robust response from NRIs

RBI revised FCNR(B) deposit collections upwards to USD 133 billion. The scheme's closing date was advanced by one month following a strong response from the Indian diaspora. The special forex swap facility for FCNR(B) deposits was launched on June 8, 2026. Total inflows under the facility reached USD 143.596 billion by September 18, 2026, with FCNR(B) deposits accounting for USD 132.980 billion…

RBI revises FCNR(B) inflows upwards to USD 133 billion after robust response from NRIs

Foreign exchange inflows to the Reserve Bank of India's USD-INR forex swap facility have surged to USD 143.60 billion, according to the latest RBI release. This represents an increase of approximately USD 5.75 billion from the provisional figure reported earlier, bringing the total to USD 143.596 billion. The increase is primarily driven by higher Foreign Currency Non-Resident (Bank) deposits and External Commercial Borrowings.

Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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