New Delhi, July 27 -- Foreign currency deposits mobilized under the Reserve Bank of India's special window are gathering pace, with SBI Research projecting Foreign Currency Non-Resident (Bank), or FCNR (B), deposits of $65-70 billion by the time the window closes on 30 September.

Total foreign currency inflows, including overseas foreign currency borrowings (OFCBs) and external commercial borrowings (ECBs), could reach $80-85 billion.

The Reserve Bank of India (RBI) introduced the temporary dollar-rupee swap facility for fresh FCNR(B) deposits on 5 June, operationalizing it from 8 June, as part of a broader package of measures to strengthen India's balance of payments and attract foreign capital. The special measures are available for F...