RBI Swap Window Current Affairs for UPSC
A complete UPSC revision trail for RBI Swap Window: 2 published analyses, their syllabus connections and closely related themes.
Where this topic fits in the UPSC syllabus
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RBI FCNR(B) Swap Window Explained: Banks Raise $17.4 Billion to Shore Up the Rupee
Indian banks have mobilised about $17.4 billion in fresh Foreign Currency Non-Resident (Bank), or FCNR(B), deposits under a special Reserve Bank of India (RBI) swap window opened to attract foreign capital, support a weakening rupee and rebuild foreign exchange reserves. Along with overseas foreign currency borrowings and external commercial borrowings, total inflows through the concessional swap facility reached $20.72 billion up to 17 July 2026. This article explains what FCNR(B) deposits are, how the swap and hedging mechanism works, the macroeconomic context of rupee pressure and falling reserves, and how the scheme compares with the RBI's 2013 measure.
RBI’s FCNR(B) Push: NRI Deposits, Leverage and Forex Inflows Explained
A recent personal finance report highlighted how NRIs may earn higher returns by using leverage to invest in Foreign Currency Non-Resident Bank deposits, after the RBI opened a special swap window for fresh 3–5 year FCNR(B) deposits till September 30, 2026. The issue is important for UPSC because it connects NRI deposits, foreign capital inflows, exchange-rate management, banking regulation and external-sector stability.
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