India Posts 45.4B Payments Surplus
India recorded a balance of payments surplus of 45.4 billion dollars in August compared to a deficit a year earlier. The improvement follows new capital inflow policies introduced by the central bank.
Xurve View
Insights:
Xurve View
India recorded a balance of payments surplus of $45.4B in August, reversing from a deficit of $5.6B a year earlier. The turnaround follows central bank policy measures launched in June to attract capital inflows. The surplus eases pressure on the rupee after the Iran war drove up Brent Crude Oil prices and triggered capital outflows.
