# RBI’s FCNR swap attracts $56.8 billion till August 13

2026-08-13T13:25:56+00:00 | Governance | Indian Opinion Desk

Corroboration: 2 independent outlets

India's special forex swap window for FCNR(B) deposits, external commercial borrowings (ECBs) and overseas foreign currency borrowings has drawn $56.85 billion as of August 13, the Reserve Bank of India said. FCNR(B) deposits alone brought in $52.3 billion. The window for such deposits will close on August 31, while ECB and OFCB facilities remain open till December 31. The inflows have pushed total bank deposits up 11 trillion rupees ($115.25 billion) over three fortnights to a record 269.4 trillion rupees by July 31, RBI data shows. India's forex reserves rose $14.14 billion to $707 billion in the week ended August 7. CareEdge estimates total capital inflows from all swap measures could reach $90-95 billion in FY27, helping balance of payments swing to a $64 billion surplus.

## Coverage

- economictimes.indiatimes.com <https://economictimes.indiatimes.com/industry/banking/finance/banking/indian-bank-deposits-jump-by-115-billion-over-three-fortnights-to-record-high/articleshow/133209589.cms>
- timesofindia.indiatimes.com <https://timesofindia.indiatimes.com/business/india-business/indias-forex-reserves-climb-to-707-billion-rise-14-1-billion-in-a-week/articleshow/133241847.cms>
- economictimes.indiatimes.com <https://economictimes.indiatimes.com/industry/banking/finance/banking/fcnr-ecb-measures-to-draw-90-95-bn-capital-inflows-in-fy27-report/articleshow/133240769.cms>
- rbi.org.in <https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63378>

Tags: bank deposits, FCNR scheme, liquidity, NRI deposits, RBI, swap window
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