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The Reserve Bank of India restricts the special USD-INR Forex Swap facility for FCNR(B) deposits. Banks must mobilize these deposits by August 31, 2026. Banks must avail the swaps with the Reserve Bank of India by September 11, 2026. The swap facility for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains open until December 31, 2026. This update follows the initial introduction of the swap facility on June 08, 2026.
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August 14, 2026
Forex inflows via FCNR(B) Deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) under Reserve Bank’s Swap facility
RBI had introduced a special USD-INR Forex Swap facility covering FCNR(B) deposits, ECBs and OFCB inflows on June 08, 2026.
The position of forex inflows as reported by Authorised Dealer Banks till August 13, 2026 under the above facility is given below:
| Type | Amount (USD million) |
|---|---|
| FCNR(B) Deposits | 52,300 |
| OFCBs | 2,805 |
| ECBs | 1,741 |
| Total | 56,846 |
Based on the encouraging response to the Swap Facility for FCNR(B) deposits and the resultant forex inflows, it has been decided that the Swap facility for FCNR(B) deposits will be available only for deposits mobilized till August 31, 2026. The Swaps under this facility i.e. FCNR(B) deposits, may be availed with RBI till September 11, 2026.
The Scheme for ECBs and OFCBs will continue to be open till December 31, 2026, as hitherto.
(Brij Raj) Press Release: 2026-2027/900 Chief General Manager ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, कᱶᮤीय कायार्लय, शहीद भगत ᳲसंह मागर्, फोटर्, मुंबई - 400 001 Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
