BoP surplus jumps to $45 bn in August on FCNR inflows
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India’s BoP surplus jumped to $45 billion in August, driven by massive FCNR inflows.
- ✓The FCNR window, which closed on August 31, brought in around $133 billion in deposits.
- ✓Net NRI deposits surged to $83 billion, helping the capital account.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Financial Express
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
In contrast, the year-ago month saw a depletion of $5.6 billion from the reserves on a BoP basis. The BoP was in a surplus of $20.8 billion in July.
With NRI deposits surging in July and August, the BoP surplus rose to $58 billion in the first five months of FY27 compared to a deficit of $0.8 billion in the corresponding period a year ago.
The FCNR window, which closed on August 31, brought in around $133 billion worth of deposits into India. This is expected to support the BoP in FY27 while the current account is seen widening on higher energy prices and imports.
Net NRI deposits jumped to $83 billion in August from $1 billion a year ago. This led to a rise in net banking capital to $64.7 billion in August and the capital account surplus to $50.6 billion during the month and $76.3 billion in April-August. In August 2025, the capital account surplus was just $0.5 billion.
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