GENERAL2 Sept 2026
RBI Swap Draws $136 Billion, Rupee Recovers
The RBI's special forex swap facility has mopped up over $136 billion, far ahead of estimates. Most came from FCNR(B) deposits at $127 billion, helping swell reserves and partly recover the rupee. The FCNR(B) window closed early on August 31, while ECB and OFCB borrowing routes remain open till December 31, 2026.
Key Statutory Highlights
- RBI's forex swap facility mobilised over $136 billion, beating all projections.
- FCNR(B) deposits contributed $127.226 billion, but the window closed early on August 31, 2026.
- ECB and OFCB schemes remain open until December 31, 2026.
Actionable Advice for Taxpayers / Founders:If your business borrows overseas, check the ECB or OFCB swap window before December 31, 2026, since the FCNR(B) route has closed. Consult your banker for eligibility.
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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