The Reserve Bank of India’s special USD–INR forex swap facility mobilised about USD 72.85 billion as of August 21, 2026, according to corroborated reporting. The mobilisation is reported to be composed primarily of FCNR(B) deposits, with smaller amounts from Overseas Foreign Currency Borrowings (OFCBs) and External Commercial Borrowings (ECBs).
Breakdown of the reported USD 72.848 billion mobilisation is: FCNR(B) deposits ≈ USD 65.397 billion; OFCBs ≈ USD 4.860 billion; ECBs ≈ USD 2.591 billion (figures reported up to August 21, 2026).
The special USD–INR forex swap facility was introduced on June 8, 2026. The FCNR(B) component was open until August 31, 2026, while the ECB and OFCB components were stated as open until December 31, 2026, as indicated in the corroborated reporting.
Separately, corroborated sources report that the RBI conducted Variable Rate Reverse Repo (VRRR) auctions in August 2026 to absorb surplus rupee liquidity. Examples cited for late August 2026 include combined absorption reported at about ₹1.41 trillion on August 24, 2026; a seven‑day auction on August 24, 2026 that had a notified amount of ₹2.5 lakh crore but accepted about ₹91,980 crore in offers; and overnight operations that accepted amounts such as ₹49,206 crore at 5.24%.
Reporting specifies that the mobilised‑USD figure refers to inflows up to August 21, 2026 (RBI press release dated Aug 22, 2026). Earlier references that mixed dates/years have been clarified in the corroborated sources to refer to 2026.

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