Benchmarks Nifty24,186.95-100.71FEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return23.3 % Invest NowEnter search text:HomeETPrimeMarketsMarket DataNewsIndustrySMEPoliticsWealthMFTechAICareersOpinionNRIPanacheThe Economic Times daily newspaper is available online now. Read Today's Paper RBI measures lift FY27 BoP outlook to over $50 bn surplus, CAD seen at 1%: SBI ResearchSECTIONSRBI measures lift FY27 BoP outlook to over $50 bn surplus, CAD seen at…
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RBI measures lift FY27 BoP outlook to over $50 bn surplus, CAD seen at 1%: SBI Research
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RBI measures lift FY27 BoP outlook to over $50 bn surplus, CAD seen at 1%: SBI Research
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Synopsis
FCNR(B) deposits: In FY27, India is anticipated to enjoy a balance of payments surplus amounting to USD 50 billion, driven by robust foreign currency inflows that are set to greatly benefit the nation’s external economic stability. The Reserve Bank of India’s deposit scheme has successfully attracted considerable foreign exchange investments. This initiative’s goal is to enhance external liquidity, with forecasts indicating an appreciation of the rupee against the US dollar shortly.
Agencies
India’s balance of payments is projected for a surplus of around $50 bn in FY27 aided by RBI measures
As strong foreign currency inflows improve the country’s external position, according to SBI Research.
The Ecowrap report remarked the Reserve Bank of India’s special FCNR(B) deposit mobilisation scheme has already attracted USD 57 billion in inflows, while another USD 25-30 billion could flow in during the remaining days of August, taking total collections to around USD 85 billion.
Also Read: RBI to close FCNR(B) forex swap facility early after robust dollar inflow
, new Delhi: India’s balance of payments (BoP) is expected to post a surplus of around USD 50 billion in FY27, with the current account deficit (CAD) probable to remain contained at 1 per cent of GDP.
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RBI measuresFY27 balance of paymentscurrent account deficit CADSBI Researchforeign currency inflowsFCNR(B) deposit schemeReserve Bank of Indiaglobal economic risksMonetary Policy Committee
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RBI measuresFY27 balance of paymentscurrent account deficit CADSBI Researchforeign currency inflowsFCNR(B) deposit schemeReserve Bank of Indiaglobal economic risksMonetary Policy Committee
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