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Market Impact: 0.2

HDFC Sec CEO: India's Forex Swap a Unprecedented Success

Source: Bloomberg

Emerging MarketsBanking & LiquidityCurrency & FXInvestor Sentiment & Positioning

HDFC Securities CEO Dhiraj Relli expects the FCNR(B) deposit scheme to attract an additional $12B, supported by strong historical demand from the Indian diaspora. The prospect of incremental foreign-currency inflows is mildly positive for liquidity/FX positioning, but the item is commentary rather than a confirmed policy or flow.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.25

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