RBI has done Indian economy a $50-billion favour
India's balance of payments is projected to achieve a surplus of around $50 billion in FY27, bolstered by Reserve Bank of India's measures. The RBI's special FCNR(B) deposit scheme has attracted $57 billion, with an additional $25-30 billion expected by August's end. This positive outlook reflects strong foreign currency inflows and is crucial for maintaining economic stability.