RBI cuts FX swap window short after NRI deposits cross $50 billion
- Posted on August 17, 2026
- By Business News Today
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- 1 min read
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RBI cuts FX swap window short after NRI deposits cross $50 billion
The Reserve Bank of India shortened its zero-cost FX swap facility for banks. This action followed substantial foreign deposit inflows from non-resident Indians. Policymakers also considered domestic liquidity effects and fundraising costs. The overseas fundraising supported the rupee, which had reached record lows earlier. These measures have bolstered foreign exchange reserves significantly.
