$57 billion pours in, another $30 billion may follow: Indian economy eyes massive $50 billion surplus
The Reserve Bank of India's special FCNR(B) deposit scheme attracted $57 billion, with an additional $25-30 billion expected by August's end. This influx supports a projected $50 billion surplus in India's balance of payments, despite concerns over external liquidity. The rupee is anticipated to stabilize between ₹95-95.5 per US dollar, influenced by global economic risks.