RBI Governor says special forex drive raised $32 billion so far

5 min readNew DelhiUpdated: Jul 27, 2026 03:43 PM IST Reserve Bank of India (RBI) Governor Sanjay Malhotra. (PTI Photo/File)Indian banks and companies have so far pulled in $32 billion from the Reserve Bank of India’s (RBI) ongoing drive to raise money from abroad, with Governor Sanjay Malhotra saying total inflows are “likely to be robust”. Meanwhile, Soumya Kanti Ghosh, State Bank of India’s Group Chief Economic Adviser, said in a report on Monday that up to $85 billion may be raised in total through the concessional swap window for Foreign Currency Non-Resident (Bank) deposits, External Commercial Borrowings (ECBs), and Overseas Foreign Currency Borrowings (OFCBs).“Till date, banks have mobilised almost $32 billion. Obviously, most of it is coming through FCNR(B) deposits. The figures r