Jefferies cautioned that current FCNR(B) rates and investor returns remain relatively low, which could limit deposit inflows. Citi was more bullish on the implications of the RBI's clarification, describing it as a fundamental shift in the nature of the scheme.
Jefferies cautioned that current FCNR(B) rates and investor returns remain relatively low, which could limit deposit inflows. Citi was more bullish on the implications of the RBI's clarification, describing it as a fundamental shift in the nature of the scheme.
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