18-July-2026
Markets and Finance
 
FCNR(B) inflows short of expectations: Barclays
17-Jul-2026

Inflows into foreign currency non-resident bank (FCNR-B) deposit have been slower than expected since the Reserve Bank of India (RBI) unveiled measures to attract overseas deposits, global brokerage Barclays said in a note on Thursday. “The pace of take up so far has indeed been lower than the run rate that would be expected by lofty market expectations of around $40-50 billion, with some having expected inflows of up to $70 billion,” it said in a report. The brokerage, however, maintained that its own base-case estimate of $25-30 billion over the next few months remains achievable, although a stronger run rate will be required before the window closes at the end of September.

News Source:- https://www.financialexpress.com/business/banking-finance/fcnrb-inflows-short-of-expectations-barclays/4293958/