They’ve asked the RBI to extend the concessional dollar-rupee swap window for ECBs till March 2027. Why? Because most of their big spending happens in the last quarter; and timing matters. This isn’t just about borrowing; it’s about unlocking capital at the right moment to fuel infrastructure, energy, and manufacturing projects across the country. And here’s the kicker; in just 45 days, FCNR(B) inflows may have already crossed the USD 26 billion mark set in 2013 over three months. That’s not luck. That’s strategy. Banks, especially public sector ones, are playing a quiet but powerful role; blending onshore and offshore tools, leaning into NRI trust, and chasing higher returns. The RBI removed interest rate caps to attract deposits; and it’s working. This is not just finance. It’s national momentum. When PSUs get what they need, India gets what it needs; growth, jobs, and infrastructure on time. The real story? The quiet moves behind the booming numbers.