RBI's swap facility fuels India’s forex reserves to defend rupee

IANS | September 3, 2026 12:54 PM

New Delhi, Sep 3 (IANS) The Reserve Bank of India’s special swap windows raised a cumulative $136.3 billion by end‑August exceeding market estimates by a wide margin, likely pushing foreign reserves past $750 billion and giving the central bank firepower to defend the rupee, a report said on Thursday.

Rupee surges 67 paise to two-month high on robust FCNR-B inflows

IANS | September 3, 2026 12:01 PM

Mumbai, Sep 3 (IANS) The Indian rupee surged 67 paise to a two-month high against the US dollar on Thursday and logged its biggest single-day gain since June after the Reserve Bank of India's foreign currency non-resident bank (FCNR-B) inflows significantly exceeded market expectations.