Total dollar inflows: $72.8 billion received under RBI's special swap facility as of August 21, 2024
GK and monthly revision
India gets $72.8 billion in dollar inflows under RBI swap facility
India received $72.8 billion in dollar inflows via RBI's special swap facility as of August 21, 2024, through FCNR(B) deposits, ECBs, and overseas foreign currency borrowings. This facility was introduced to boost foreign exchange reserves and stabilize the rupee amid global volatility. The inflows strengthen India's external sector resilience and reflect confidence in India's macroeconomic fundamentals. Highly relevant for economy and banking awareness sections across competitive exams.
Source: Economic Times. This summary and analysis are AI-written from that report and are not individually fact-checked — confirm names, dates and figures with the source before you rely on them.
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Sources: FCNR(B) deposits, External Commercial Borrowings (ECBs), and Overseas Foreign Currency Borrowings
Facility launched by RBI to enhance forex reserves and manage rupee volatility amid global uncertainty
Inflows strengthen India's external sector resilience and boost foreign exchange reserve adequacy
Data reported by Economic Times citing RBI sources; relevant for banking, economy, and current affairs sections
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