RBI’s Concessional Swap Facility Mobilises $40.8 bn in Foreign Currency Inflows by 31 July 2026

Overview The RBI launched a concessional swap facility on 8 June 2026. The scheme aims to draw foreign currency into India and strengthen the balance of payments . By 31 July 2026, the facility had mobilised $40.82 billion . Key Developments Facility operational from 8 June 2026 and open until 30 September 2026 for FCNR(B) deposits , and until 31 December 2026 for OFCBs and ECBs . Strong investor response, especially through $36.73 billion in FCNR(B) deposits. Additional inflows of $2.58 billion from OFCBs and $1.52 billion from ECBs. Important Facts Based on data from authorised dealer banks, the total foreign exchange mobilised under the scheme stood at $40.816 billion . The RBI introduced the facility as part of a broader package announced on 5 June 2026 to bolster India’s external sector amid global market uncertainties. UPSC Relevance Understanding this policy helps aspirants answer questions on: India’s external sector management and tools used to improve the balance of payments . The role of the <span class="key-term" data-definition="Reserve Bank of India — India's central banking institution responsible for monetary policy, currency regulation, and financial stability (GS3: Economy)"