MUMBAI/NEW DELHI: Bankers expect India to draw $80-85 billion of foreign capital through the RBI's swap-backed push spanning FCNR(B) deposits, external commercial borrowings and overseas foreign currency bonds issued by banks, though the timing of inflows is likely to be uneven as durations differ.

RBI’s foreign currency swap schemes gain traction among NRIs, prompting banks to enhance outreach and innovate deposit products.

SBI's Economic Research predicts $8-9 billion inflows from FCNR(B) deposits, supported by RBI's cost-bearing measures and regulatory clarity.