Regulatory Alerts2026-06-08
Added · Updated
Swap Facility for External Commercial Borrowings and Overseas Foreign Currency Borrowings
The Reserve Bank of India introduces a US Dollar-Rupee Forex Swap Facility for eligible External Commercial Borrowings and Overseas Foreign Currency Borrowings. The facility is available to Public Sector Undertakings with ECBs of three years or more maturity and to Authorised Dealer Category-I banks with OFCBs of at least three years maturity. Banks may swap eligible inflows at a fixed rate of 1.5 percent per annum, with the maximum swap amount limited to the equivalent US Dollar value of inflows received in the preceding week. The facility is operational from June 8, 2026, until January 15, 2027, for eligible drawdowns and flows received up to December 31, 2026.
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