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Economics2h 46m ago

The RBI has implemented a policy framework that includes FCNR(B) deposit subsidies and ECB swap facilities to attract up to $65 billion in foreign inflows.

India

Who
RBI (Reserve Bank of India)
What
The RBI has implemented a policy framework that includes FCNR(B) deposit subsidies and ECB swap facilities to attract up to $65 billion in foreign inflows.
When
Sat, 13 Jun 2026 00:00:00 GMT · 2h 46m ago
Where
India ·
Why
Higher oil prices, geopolitical tensions, and external-sector pressures threaten to narrow the central bank’s policy options, prompting the RBI to attract foreign capital instead of raising interest rates.
The Frontline Impact

How this affects you

This policy aims to strengthen India's balance of payments and external balance sheet without compromising economic growth, providing the RBI with policy flexibility during an uncertain global economic period.

Story chain

3 events in this thread
  1. Currently Reading2h 46m ago
    The RBI has implemented a policy framework that includes FCNR(B) deposit subsidies and ECB swap facilities to attract up to $65 billion in foreign inflows.
  2. Economics2h 46m ago
    The RBI has chosen to attract foreign capital by reviving FCNR(B) incentives, easing ECB norms, and making Indian government bonds attractive to overseas investors to strengthen the balance of payments without compromising growth.
    Open article
  3. Economics2h 46m ago
    The RBI has announced a special FCNR(B) deposit scheme where it will absorb hedging costs on new deposits and introduced concessional foreign exchange swap facilities for external commercial borrowings (ECBs) by public sector entities to attract foreign capital.
    Open article

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