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RBI ReportPublished 5 Oct 2026Read time 1 minEffective 8 Jun 2026

RBI Reports $143 Billion in Foreign Currency Inflows to India

RBI ran a special scheme to bring foreign currency into India starting June 2026.

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

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What happened

The Reserve Bank of India (RBI) ran a special scheme to attract foreign currency into India. Banks and companies brought in a total of USD 143.6 billion (roughly ₹12 lakh crore) through three types of foreign currency channels. The scheme for one channel — FCNR(B) deposits — closed on August 31, 2026, while the other two channels remain open till December 31, 2026.

Why it matters

When India receives large amounts of foreign currency, it helps stabilise the Indian rupee against the US dollar. A stable rupee can help keep the cost of imported goods — like fuel, electronics, and medicines — from rising too sharply. This kind of RBI action is typically taken to manage pressure on India's foreign exchange reserves.

What to check

  • →Check if your bank is offering special interest rates on FCNR(B) deposits — these are fixed deposits held in foreign currency by Non-Resident Indians (NRIs).
  • →Find out if you have family members living abroad who may benefit from NRI deposit schemes that offered higher returns under this facility.
  • →Look at whether the rupee exchange rate has changed recently, as large inflows like these can influence the USD to INR rate.
  • →Ask your bank or financial contact whether any special NRI deposit schemes linked to this RBI facility are still available.

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

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