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Thursday, June 11 2026 | 04:05:58 AM
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Tag Archives: RBI FCNR B deposit swap scheme

Understanding the RBI’s Special US Dollar–Rupee Swap Facility: A Shield Against Global Volatility

Mumbai. Tuesday, 9 June 2026 The Reserve Bank of India (RBI) has strategically activated a specialized US Dollar–Rupee swap facility. This monetary mechanism specifically targets fresh Foreign Currency Non-Resident [FCNR(B)] deposits mobilized by commercial banks from Non-Resident Indians (NRIs). As global financial markets experience macro-economic shifts, this policy serves a …

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