- The facility was announced on 5 June 2026 to encourage banks and companies to raise foreign currency from overseas sources.
- Of the total inflows, $17.41 billion came through FCNR(B) deposits, $1.97 billion through Overseas Foreign Currency Borrowings and $1.34 billion through External Commercial Borrowings.
- Under the facility, RBI allows banks to exchange foreign currency with rupees at concessional swap rates, reducing their currency-hedging cost.
- The measure aims to strengthen India’s balance of payments, improve foreign-exchange liquidity and support the rupee during periods of high crude-oil prices and global uncertainty.
- The FCNR(B) swap window will remain available until 30 September 2026, while the windows for overseas borrowings and ECBs will continue until 31 December 2026.
Question:
Q1.How much foreign-exchange inflow was attracted through RBI’s concessional swap facilities between 8 June and 17 July 2026?
a) $17.41 billion
b) $18.75 billion
c) $20.72 billion
d) $25.50 billion
Answer: c) RBI reported that its special foreign-currency measures attracted a total of $20.72 billion between 8 June and 17 July 2026.