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RBI's FCNR Inflows Soar to $132.98 Billion, Exceeding Provisional Figures
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CNBC TV18•21-09-2026, 19:00
RBI's FCNR Inflows Soar to $132.98 Billion, Exceeding Provisional Figures
- •The Reserve Bank of India (RBI) mobilized $132.98 billion through its special Foreign Currency Non-Resident (Bank) or FCNR(B) deposit window, a $5.75 billion increase from the provisional figure.
- •Total forex inflows under the special USD-INR swap facility reached $143.59 billion as of September 18, including $5.32 billion from Overseas Foreign Currency Borrowings (OFCBs) and $5.30 billion from External Commercial Borrowings (ECBs).
- •The FCNR(B) mobilization window closed on August 31, earlier than the initial September 30 deadline, due to strong response, with banks completing associated swaps with RBI until September 11.
- •The USD-INR swaps provided banks with rupee liquidity, leading to a sharp increase in surplus liquidity and prompting RBI to step up liquidity-absorption operations.
- •The ECB and OFCB windows remain open until December 31, 2026, unlike the FCNR(B) window, which was shortened due to the encouraging response and strong forex inflows.
Key Questions Answered
The Reserve Bank of India mobilised $132.98 billion through its special Foreign Currency Non-Resident (Bank) deposit window, which was revised up by $5.75 billion from the provisional figure as of September 18, 2026.
The RBI shortened the FCNR(B) deposit window to August 31, 2026, citing the highly encouraging response and strong foreign exchange inflows generated through the special scheme
Unlike the FCNR(B) window which closed earlier, the swap windows for External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs) remain open until December 31, 2026.
