Economy
RBI Forex Swap Window Draws $143.59 Billion Led by FCNR(B) Deposits
The Indian Express1h
THE BRIEF
1
The Reserve Bank of India's special forex swap facility attracted $143.59 billion in foreign currency inflows by September 18, driven heavily by Foreign Currency Non-Resident deposits.
2
Authorised dealer bank data showed FCNR(B) deposits contributed $132.98 billion, while Overseas Foreign Currency Borrowings and External Commercial Borrowings brought in $5.32 billion and $5.296 billion respectively.
3
The central bank closed the FCNR(B) window on August 31 ahead of its September 30 deadline due to strong response, boosting India's external-financing cushion and overall foreign currency mobilisation.