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RBI ReportPublished 20 Jul 2026Read time 1 minEffective 8 Jun 2026

RBI Reports $20 Billion Forex Inflows Under Special Deposit Scheme

RBI launched a scheme in June 2026 to attract foreign currency into India.

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For information only. Not financial advice. Verify with official sources before taking any action.

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What happened

RBI launched a special scheme on June 5, 2026, to attract foreign money into India. Banks and companies have brought in over $20 billion (roughly ₹1.7 lakh crore) through this scheme by July 17, 2026. The scheme stays open until September 30, 2026, for certain deposits and until December 31, 2026, for business borrowings.

Why it matters

When foreign money flows into India, it strengthens the rupee and helps stabilize the economy. RBI offered a special low-cost deal called a concessional swap — meaning banks got a cheaper rate to convert foreign currency into rupees — to attract these inflows. Strong forex inflows can help keep inflation and import costs in check for ordinary families.

What to check

  • →Check if your bank is offering FCNR(B) deposits — these are special fixed deposits in foreign currency for Non-Resident Indians (NRIs) and their families
  • →Find out if you have NRI family members who could benefit from the higher interest rates on FCNR(B) deposits before September 30, 2026
  • →Look at whether a stronger rupee affects your household costs, especially for imported goods or overseas education fees
  • →Ask your bank about current FCNR(B) deposit interest rates if you or a family member earns income in foreign currency

This is general information, not financial advice. Check your own position with your lender or an adviser.

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