RBI Forex Swap Facility Attracts Over $20.7 Billion

Exam-focused facts from the 23 July 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) launched a concessional swap facility on June 5, 2026, which became operational on June 8, 2026.
As of July 17, 2026, the facility had attracted cumulative forex inflows of $20.718 billion.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits contributed the largest share of $17.406 billion, accounting for over 84% of the total inflows.
Overseas Foreign Currency Borrowings (OFCBs) under the facility amounted to $1.97 billion, and External Commercial Borrowings (ECBs) stood at $1.342 billion.
The swap window is available for FCNR(B) deposits until September 30, 2026, and for OFCBs and ECBs until December 31, 2026.