RBI and govt moves could flip India’s BoP to surplus, easing rupee pressure
A June package from the RBI and the government, including full hedging cost coverage for three‑to‑five‑year FCNR(B) deposits and a concessional forex‑swap facility, could draw $40‑60 bn and $15‑25 bn of inflows respectively. HDFC says the mix may turn India’s balance‑of‑payments from a deficit to a modest surplus, taking pressure off the rupee.