5 min readNew DelhiJul 26, 2026 05:41 PM IST First published on: Jul 26, 2026 at 05:40 PM ISTDear Express reader,Over the last few weeks, there have been some signs of foreign capital flows trickling back in. In July, foreign portfolio investors have so far poured in $1.5 billion in the equity markets, reversing the trend of massive capital outflows witnessed in the months before. Last week, the RBI also disclosed that after the measures it had announced to boost capital flows, so far, $17.4 billion had been mopped up through the FCNR(B) route, and another $3.3 through other channels. In April and May, net FDI stood at $6.5 billion, as compared to $2.4 billion over the same period last year. Not only are gross FDI inflows higher, but so far, repatriation is lower than last year. These are encouraging signs. Yet, at the same time, concerns are also mounting. Fresh headwinds are buffeting the economy.