India draws $136 billion forex under RBI's swap facility

RBI reported foreign exchange inflow of $136 billion under its special USD-INR forex swap facility, out of which FCNR(B) deposits accounted for $127 billion. Overseas Foreign Currency Borrowings (OFCB) and External Commercial Borrowings (ECB) accounted for $5.2 billion and $3.8 billion of forex inflows. The forex swap facility scheme will be open till December 31 for OFCBs and ECBs.