December 30, 2024 11:26 AM

India’s BoP strengthened by robust inflows from NRI deposits, external commercial borrowing in the quarter: report

India’s Balance of Payments (BoP) witnessed a significant boost in the second quarter of FY25, driven by robust inflows from Non-Resident Indian (NRI) deposits, External Commercial Borrowings (ECBs), and Foreign Portfolio Investments (FPIs), according to a report by the Bank of Baroda. The report highlighted a sharp rise in the capital account surplus, which climbed to $11.9 billion in Q2 FY25, compared to $10.3 billion in the same quarter last fiscal year. The BoP registered an accretion of ...