RBI shortens FCNR (B) deposit swap window to Aug 31

The Reserve Bank of India recently announced a revised timeline for the swap facility associated with FCNR(B) deposits, now set to end on August 31, 2026. This adjustment follows an unexpected increase in foreign currency inflows noted until August 13. Meanwhile, borrowers utilizing ECB and OFCB options will continue to benefit from an extended scheme, running through December 31, 2026.