RBI expects healthy balance-of-payments surplus in FY27 as June capital measures pay off
The Reserve Bank of India (RBI) expects a balance-of-payments surplus of $40 billion for FY27, up from $25 billion. This optimism follows strong capital inflows, particularly from foreign currency non-resident (FCNR) deposits, which contributed 90% of the $40.8 billion mobilized in just 53 days. The RBI's measures are set to support India's external account amid global uncertainties.