RBI’s big forex boost: Banks mobilise $73 billion in just 11 weeks
The Reserve Bank of India’s special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings (OFCB) and External Commercial Borrowings (ECB), launched on June 8, 2026, has mobilised $73 billion in foreign exchange inflows as of August 21, according to the government.