FCNR Deposits Expected to Reach $100 Billion, Exceeding Estimates

Strong FCNR(B) deposit inflows have led analysts, including Jefferies, to raise their estimates for dollar mobilization through the scheme, now forecasting $90-100 billion by August 31.

24 Aug, 19:02 — 24 Aug, 19:02

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economic-times4d ago

Full flow FCNR deposits could hit $100 billion, beat estimates

Strong FCNR(B) deposit inflows have led analysts to raise their estimates for dollar mobilisation through the scheme. Jefferies now expects inflows to reach $90-100 billion by August 31, up from its earlier estimate of $70-80 billion.

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FCNR Deposits Expected to Reach $100 Billion, Exceeding Estimates

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Full flow FCNR deposits could hit $100 billion, beat estimates

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