Here’s why it matters. On August 31, the window for fresh FCNR(B) deposits under RBI’s special forex swap scheme closes. Why? Because banks flooded the system; ₹52.3 billion (yes, billion) came in through FCNR(B) alone. That’s over 90% of total inflows. RBI had opened this window on June 8 to boost forex reserves. They didn’t expect this kind of response. So now, they’re closing the tap for FCNR(B); while letting ECBs and OFCBs keep going till December. What’s the real story? It’s not just about numbers. It’s about smart money. Foreign investors saw a safe, high-yield, rupee-protected way to park dollars; and they ran with it. RBI’s quick shutdown? A signal they’ve got enough for now; and maybe, they’re testing demand. For aspirants: This is how policy works; flexible, responsive, sometimes fast. Watch how RBI uses tools; not just to control, but to invite. Next time you hear "forex" or "swap", don’t zone out. It’s where strategy meets real money.