https://www.taxtmi.com/news?id=74303 The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk. en-us Mon, 17 Aug 2026 10:01:04 +0530 Mon, 17 Aug 2026 10:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=74303 The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk. News - Mon, 17 Aug 2026 10:01:04 +0530 https://www.taxtmi.com/news?id=74303