India’s Q1 FY27 BoP flips to $8.1bn deficit, fuel imports to blame
India’s balance of payments slipped into an $8.1 billion deficit in Q1 FY27, with the capital account posting a $5 billion outflow after foreign portfolio investors pulled money, while the current‑account deficit widened to $3.1 billion. The swing was driven by a 26% jump in the crude‑oil import bill to $49 billion, offsetting a $52 billion services surplus and raising concerns for the RBI’s outlook.