GENERAL21 Sept 2026
RBI forex swap inflows top $143.5 bn, FCNR(B) deposits near $133 bn
Money flowing into India through the Reserve Bank of India's concessional forex swap window crossed $143.5 billion by September 18. The bulk of it, nearly $133 billion, sits in FCNR(B) deposits. These are foreign currency accounts held by non-resident Indians. The numbers show foreign currency money continuing to come in. If you hold such deposits, check current rates before your next decision.
Key Statutory Highlights
- Inflows through the RBI's concessional forex swap window topped $143.5 billion by September 18.
- FCNR(B) deposits made up the bulk of that money, at nearly $133 billion.
- So most of the swap window inflows came from foreign currency deposits, not from other sources.
Actionable Advice for Taxpayers / Founders:If you are a non-resident Indian or hold FCNR(B) deposits, ask your bank for the current rates and terms before you open or renew a deposit, and keep your own records of the money parked there.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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