The Hindu·2 min read·medium
Over $20 billion mobilised through RBI’s special swap facility
L
Lalatendu Mishra
✦AI Summary
The Reserve Bank of India has successfully mobilized over $20 billion through a special foreign currency swap facility. This initiative, launched in June 2026, aims to strengthen India's balance of payments and incentivize capital inflows.
The Reserve Bank of India’s (RBI) foreign currently swap facility operationalised through Foreign Currently Non-Resident-Bank {FCNR(B)} deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) to mobilise foreign exchange has generated more than 20 billion, according to data released by the central bank on Monday.
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