ET BureauLast Updated: Aug 25, 2026, 12:44:00 AM IST

Synopsis

India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBI’s 2013 FCNR(B) swap scheme, the finance ministry said.

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.

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"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.

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