Economy
RBI Reports $40.82 Billion Mobilized Under Forex Swap Facility
The Indian Express2h
THE BRIEF
1
The Reserve Bank of India (RBI) announced that $40.82 billion has been mobilized under its forex swap facility as of July 31, 2026, to bolster foreign exchange reserves.
2
Despite $49 billion in total foreign inflows, the Indian rupee has remained largely flat due to robust hedging by importers and persistent market volatility.
3
Major lenders including SBI, HSBC, and ICICI Bank have led the overseas deposit drive, with the RBI continuing to intervene to manage currency fluctuations.