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RBI ReportPublished 1 Aug 2026Read time 1 minEffective 8 Jun 2026

RBI Reports $40 Billion Foreign Currency Inflows Under Special Scheme

RBI opened a special foreign currency deposit and borrowing scheme in June 2026.

Impact
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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 facility in June 2026 offering discounted currency swap rates to attract foreign currency into India. Banks and companies have brought in over USD 40 billion so far. This facility remains open until September 30, 2026 for certain deposits and December 31, 2026 for business borrowings.

Why it matters

When foreign currency flows into India in large amounts, it strengthens the Indian rupee and helps stabilise the economy. RBI uses such schemes to boost forex reserves, which are like a country's foreign currency savings buffer. A stronger rupee can affect import prices and overall inflation.

What to check

  • →Check if your bank is offering FCNR(B) deposits — these are special fixed deposits in foreign currency like USD or GBP, open to Non-Resident Indians (NRIs) or those with foreign income
  • →Find out the interest rates your bank is currently offering on FCNR(B) deposits before the September 30, 2026 deadline
  • →Ask your bank what the concessional swap rate means for your deposit returns if you are an NRI considering parking foreign funds in India
  • →Consider whether you or a family member abroad might benefit from this limited window for higher-return foreign currency deposits
  • →Look at RBI's official website or your bank's NRI desk for eligibility conditions and latest rates

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

What this means for you

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