Thursday, September 10, 2026
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
  • UP InternationalTrade Show
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
  • UP InternationalTrade Show
Fiinews
No Result
View All Result
Home Investment

Invest: RBI’s USD-INR Swap Facility collects $73bn

Fiinews by Fiinews
August 26, 2026
in Investment
Reading Time: 2 mins read
A A
0
RBI
0
SHARES
20
VIEWS
LinkedinShare on Twitter

Indian diaspora reposed faith in banking system, says Ministry

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 driven an unprecedented surge in foreign exchange inflows into the country by mobilizing US$73 billion as on 21 August 2026.

FCNR(B) deposits alone accounted for US$65.40 billion, underlining the overwhelming response of Non-Resident Indians to the scheme, the Finance Ministry said on 24 Aug.

The scheme’s success underscores the strength of the Indian diaspora, who have reposed faith in the Indian banking system and have once again demonstrated their enduring economic and emotional stake in India’s growth story, channelling savings into FCNR(B) deposits at a pace that has consistently exceeded expectations.

Having reached US$73 billion in under eleven weeks, with still another week to go, this stands out as the largest and fastest foreign-currency mobilisation exercises undertaken by India, comfortably surpassing the scale and pace of the RBI’s 2013 FCNR(B) swap scheme, which had raised about US$26 billion over roughly three months.

The response has been strong enough for the RBI to advance the closure of the FCNR(B) window itself, from 30 Sept to 31 Aug 2026, having already achieved its objective ahead of schedule.

By securing large-scale, long-term non-resident deposits and commercial institutional funding entirely on tap, the Government of India has fortified its external buffers with maximum cost-efficiency, the Ministry said. fiinews.com

Tags: Ministry of Finance
ShareTweetShare

Related Posts

Adani Group
Investment

Invest: Temasek backs Adani’s $1bn equity capital

by Fiinews
September 10, 2026
0
12

AAHL to build world's largest airports platform, says Bansal A consortium of investors comprising Alpha Wave Global, Premji Invest, Temasek...

Singapore Airlines
Investment

Invest: SIA to internally fund stake in India

by Fiinews
September 10, 2026
0
13

Air India investment receives full attention of SIA board Responding to an online criticism and a follow-on parliamentary debate on...

Tata AIA

Invest: Tata AIA Fund outperforms S&P BSE 200

September 8, 2026
17
KRAFTON

Invest: KRAFTON reaffirms commitment to India

September 5, 2026
18
Antwerp Port

Invest: Belgium PM highlights trade opportunities

September 5, 2026
21
CreditAccess

Invest: CreditAccess raises Rs.300cr from Barclays

September 5, 2026
20
SBI YONO
Upits 2026 brochure 062026 pdf

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Investment: India welcomes US investment and technology collaboration

    0 shares
    Share 0 Tweet 0
  • Market: PM Modi-President Zelenskyy discussed trade and technology

    0 shares
    Share 0 Tweet 0
  • Manufacturing: Approved ‘BioE3’of Biotechnology Dept

    0 shares
    Share 0 Tweet 0
  • Technology: Mastercard-supported Digital Saksham trains Maharashtran MSMEs

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: UP works on GCC growth agenda
  • Market: Nueral Concepts to support manufacturers
  • Invest: Temasek backs Adani’s $1bn equity capital
  • Tender: Make Indian nuclear projects bankable
  • Manufacture: Russia-India talked collaboration

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
  • UP International

© 2024 FIINEWS - Design and developed by 7clicksmedia.