OtherFinancial Express
BoP sees $8.8bn surplus in Sept despite wider CAD
Positive+13
GreyOak summary
India's Balance of Payments recorded an $8.8 billion surplus in September, driven by a $16.2 billion capital account surplus. Foreign exchange reserves depleted by $5.6 billion, and economists project a full-year surplus of $50-60 billion with reserve depletion expected in the second half of the financial year.
What it affects
- Trade and current accountPositive +13
Current account deficit widened to $7.4bn.Rolling sentiment Neutral +7
