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.