RBI's swap scheme may attract $80-85 billion in forex inflows, says SBI report
RBI's concessional swap facility may attract $80-85 billion in forex inflows, says SBI report.
The scheme has already brought in nearly $20 billion by July 17, led by $17.4 billion in FCNR(B) deposits.
Public sector banks are key contributors to mobilizing FCNR(B) deposits under the scheme.
The facility opened June 8, 2026, and FCNR(B) deposits are eligible until September 30, 2026.
SBI report estimates the measures could add $75-85 billion to India's capital account in FY27.
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