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RBI revives currency swap window, to offer 6% returns on dollar deposits
short by Ishita Ranganath / on Wednesday, 10 June, 2026
RBI introduced a swap facility for new three-to-five-year Foreign Currency Non-Resident FCNR(B) deposits, with Indian banks likely offering up to 6% annual return on fixed dollar deposits. The facility will remain open till October 16 for deposits mobilised till September 30. A similar scheme was last introduced in 2013 during a currency crisis and raised $34 billion from NRIs.
read more at Times Now