26-August-2026
Economy News
 
India raises $73 bn in forex inflows at record pace
25-Aug-2026

India has mobilised total foreign exchange inflows of $73 billion in less than 11 weeks, in the largest and fastest-ever foreign-currency mobilisation exercises undertaken globally. The finance ministry said, in a statement, that by securing large-scale, long-term non-resident deposits and commercial institutional funding entirely on tap, the government has fortified its external buffers with maximum cost-efficiency. "This has comfortably surpassed the scale and pace of the RBI's 2013 FCNR(B) swap scheme, which had raised about $26 billion over roughly three months," the ministry said, adding with still another week left for the scheme to run, it is poised to become the largest and fastest foreign-currency mobilisation exercises in the world. "FCNR(B) deposits alone accounted for $65.40 billion, underlining the overwhelming response of Non-Resident Indians to the scheme," it said.

News Source:- https://economictimes.indiatimes.com/news/economy/finance/india-raises-73-bn-in-forex-inflows-at-record-pace/articleshow/133477779.cms