Economy, Banking and Finance · 30 August 2026

Reserve Bank of India (RBI) Relaxes Weekly Access Rule for FCNR(B) Swap Facility for Transactions Above USD 100 Million

Exam-focused facts from the 30 August 2026 current affairs briefing.

Key facts

  • The Reserve Bank of India (RBI) allowed banks to access its concessional dollar-rupee swap facility for FCNR(B) deposits exceeding USD 100 million without waiting for their designated weekly window.
  • The swap facility attracted total inflows of USD 72.85 billion as of August 21, 2026.
  • FCNR(B) deposits contributed USD 65.40 billion, accounting for nearly 90% of total inflows.
  • The swap facility is available for FCNR(B) deposits mobilised only till August 31, with banks permitted to avail swaps till September 11.
  • India Ratings and Research (Ind-Ra) raised its FY27 commercial banks' credit growth forecast to 15% from 13% earlier, while deposit growth is projected at 13.6%.

View this story in the full daily briefing

Earlier coverage selected by topic similarity to help connect developments over time.

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