RBI relaxes FCNR(B) swap window for deals over $100 million
Why in the news
The central bank adjusted how banks can reach its special swap facility for large foreign-currency deposit inflows in August 2026.
Key facts
- Facility: RBI’s concessional dollar-rupee swap for FCNR(B) deposits.
- Scope of relaxation: transactions above $100 million.
- Change: access on the same day, not only on the bank’s designated weekly day.
- Reason: cut the lag between mobilising funds and transferring them to RBI.
Significance
- Speeds up large inflows reaching the central bank.
Exam angle
- Likely question: above what transaction size does the relaxation apply? Answer: $100 million.
- Related terms: FCNR(B), swap window, concessional facility.
- Regulator: RBI.