The reduction in compliance friction and improved accessibility for the incremental marginal buyers is directionally positive from a foreign flows perspective but we do not expect the immediate uptick to be of a quantum significant enough to solve domestic currency or capital market inflow woes in the very near term,” said Nirav Karkera, Head of Research, W by Groww.
Vikas Gupta, CEO of Omniscience Capital concurred, saying that the move doesn’t mean an “immediate surge in inflows.”