FCNR(B) deposits saved India from a BoP deficit in July 2026
The capital account surplus widened to $27.7 billion in July 2026, nearly eight times the $3.5 billion recorded in July 2025. India’s balance of payments (BoP) received a significant boost in July 2026 as non-resident Indian (NRI) deposits under the FCNR(B) scheme surged to $33.5 billion, accounting for a substantial share of the country’s capital…
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