India’s Forex Fortunes Surge: RBI’s Special Swap Facility Draws Over $40 Billion in Capital Inflows
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August 2, 2026
India's foreign exchange reserves received a massive boost, with the RBI's special swap facility attracting over $40.8 billion in capital inflows by July end. FCNR(B) deposits were the primary driver, nearly doubling the total in just two weeks and…