30-August-2026
RBI
 
RBI allows banks to tap FX swap window more frequently
29-Aug-2026

The Reserve Bank of India (RBI) has permitted banks to access the foreign exchange swap window for overseas deposits more than once a week, according to currency traders. This change comes as the window nears its closing date, prompting a rush to attract dollar inflows. According to earlier guidelines, a bank can avail the swap facility only once in a week. “Since this is the final week before the August 31 deadline, only a few days remain. The RBI said that banks can now access the swap window every day, and it applies to overseas deposits above $100 million,” said a senior dealer at a private sector bank.

News Source:- https://www.financialexpress.com/business/banking-finance/rbi-allows-banks-to-tap-fx-swap-window-more-frequently/4326704/