Forex boost: RBI's special swap facility draws $40.8 bn in foreign inflows
Foreign exchange inflows under RBI's special swap facility reached $40.816 billion by July 31, up from $20.718 billion on July 17.
FCNR(B) deposits were the largest contributor at $36.725 billion, about 90% of total inflows.
OFCBs contributed $2.575 billion and ECBs added $1.516 billion.
The facility aims to strengthen India's balance of payments and incentivize capital inflows.
The swap window for FCNR(B) deposits is open until September 30, 2026, and for OFCBs and ECBs until December 31, 2026.
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