RBI's concessional swap facility attracts USD 56.85 billion forex inflows

The Reserve Bank of India is the central bank that looks after money in India.

It made a special offer to help bring more foreign money into the country.

Banks that receive foreign currency deposits can swap them with the RBI at a cheaper rate.

This friendly offer, called a concessional swap facility, started on June 8, 2026.

The offer worked very well, bringing in about 56.85 billion US dollars.

Most of that money, 52.3 billion dollars, came from special deposits called FCNR (B).

Because so many banks used the offer, the RBI will only accept new deposits until August 31.

This money helped India's savings of foreign money, called forex reserves, grow to 707 billion dollars.

This makes India's money situation stronger, especially when the rupee loses value against the US dollar.