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FCNR(B) swap window explained: Why RBI opened it, then advanced deadline
Aug 17, 2026
✦Business Standard

FCNR(B) swap window explained: Why RBI opened it, then advanced deadline

The Reserve Bank of India brought forward the deadline for its special FCNR(B) swap window to August 31. Banks can execute swaps against these deposits until September 11. This move followed inflows reaching $52.3 billion by August 13. The facility helps banks manage currency costs and reserves for NRI deposits.

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