Jefferies sees RBI's FCNR-B, ECB measures could attract $50-70 billion inflows
New Delhi, June 9 -- The Reserve Bank of India's latest measures to facilitate Foreign Currency Non-Resident Bank [FCNR(B)] deposits and External Commercial Borrowings (ECBs) could attract significantly higher foreign currency inflows than the 2013 special swap window, with global brokerage Jefferies estimating potential inflows of USD 50-70 billion.
In a report released on Monday, Jefferies said the revised framework is more supportive than the 2013 scheme and could drive stronger participation from non-resident Indians (NRIs) and overseas lenders.
"Terms on FCNR-B and ECB raising are supportive," the brokerage said, adding that the key attraction would be the ability to use leverage under the new framework.
According to the report, F...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.