RBI Ends FCNR(B) Swap Facility Early After $40.8 Billion Forex Inflows

The Reserve Bank of India has decided to end its FCNR(B) swap facility early after attracting $40.816 billion in foreign exchange inflows. The facility will now cover deposits mobilised till August 31, 2026, with swaps available until September 11. FCNR(B) deposits contributed $36.725 billion to the total inflows received under the scheme.