From Financialexpress · Shubham Rana · · 1m
India BoP Surplus $8.8bn in Sept
India's Balance of Payments shows $8.8 billion surplus in September despite wider current account deficit.
In brief
India's Balance of Payments shows $8.8 billion surplus in September despite wider current account deficit. India reported a $8.8 billion BoP surplus in September driven by capital account surplus while current account deficit widened. Originally reported by Financialexpress.
India BoP Surplus
India reported an $8.8 billion BoP surplus in September driven by capital account surplus despite wider current account deficit.
Capital Account Surplus
The capital account was in a $16.2 billion surplus in September against a deficit of $0.4 billion a year ago.
Current Account Deficit
The current account deficit widened to $7.4 billion in September from $5.2 billion a year ago.
Foreign Exchange Reserves
Foreign exchange reserves are expected to deplete in the second half of FY27.
Net Banking Capital Inflows
Net banking capital inflows rose to $22.2 billion in September from $0.7 billion a year ago.
Net FDI Outflows
Net foreign direct investment outflows rose to $4.9 billion in September compared to $2.3 billion a year ago.
What to remember
India reported a $8.8 billion BoP surplus in September driven by capital account surplus while current account deficit widened.
