The Reserve Bank of India has eased scheduling restrictions as banks handle rising foreign-currency deposits from non-resident Indians. FCNR(B), short for Foreign Currency Non-Resident (Bank), lets NRIs hold deposits in foreign currencies. The special scheme has drawn more than $65 billion from overseas Indians.

Banks ordinarily get a designated weekly slot to exchange dollars with the RBI for rupees, with an agreement to reverse the exchange later. Under the relaxation, transactions exceeding $100 million can access the facility more than once weekly. Deals below that threshold remain subject to the existing schedule; treatment of transactions exactly at $100 million has not been stated.

The change addresses pressure created when banks receive substantial dollar inflows but must wait for their allotted swap day. Market experts linked that waiting period to liquidity strains. On a recent Thursday, the overnight dollar swap cost reached 2.5 paisa, against a typical range of 0.40–0.50 paisa.

One-month currency hedging costs also rose by 30 basis points recently, making protection against exchange-rate movements more expensive. More frequent access to the RBI window is intended to ease those pressures as banks collect deposits before the deadline. The scheme aims to attract overseas funds, add to dollar reserves and support the rupee.