SBI sees $50B BoP surplus for FY27 as FCNR inflows hit $57B
SBI Research projects India's balance of payments will post a ~$50 billion surplus in FY27 with the current account deficit contained at 1% of GDP, driven by a surge of foreign currency inflows. The RBI's FCNR(B) scheme has already drawn $57 billion, with another $25-30 billion expected by the end of August.