India Draws $40.81 Billion After RBI’s Foreign Exchange Reforms

Reuters | August 1, 2026 | 11:42 AM IST | Breaking News, Business, Stock Market | Follow on Google News

India Draws $40.81 Billion After RBI’s Foreign Exchange Reforms

MUMBAI, Aug 1 (Reuters) – Steps by India’s central bank to draw more capital flows into ​the country and support the rupee ‌have brought in $40.81 billion, according to data released on Saturday.

The Reserve Bank of India ​in June announced a series of foreign ​exchange measures, including concessional hedging facilities ⁠and swap arrangements, to encourage overseas ​fundraising by state-run firms, banks and through ​foreign currency non-resident deposits.

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Here are the details of the inflows so far:

• The RBI said it received $36.7 ​billion via Foreign Currency Non-Resident deposits ​raised by banks. Lenders are permitted to swap ‌these ⁠deposits with the central bank under a zero-cost hedging facility open until the end of September.
• It said $1.5 billion had been ​raised via ​swap ⁠facilities for External Commercial Borrowings and $2.57 billion through Overseas Foreign ​Currency Borrowings undertaken by authorised lenders. ​This ⁠window is open until the end of the year.
• SBI Economic Research expects $65 billion ⁠to $70 ​billion in FCNR deposits ​and inflows from both schemes at $80 billion to $85 billion.

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