Mumbai, Oct. 15 -- India's overall balance of payments (BoP) recorded a surplus of USD 45.4 billion in August 2026, compared with a deficit of USD 5.6 billion in the same month last year, supported by a sharp rise in foreign currency inflows, particularly non-resident Indian (NRI) deposits, according to data released by the Reserve Bank of India (RBI) on Thursday.

The sharp improvement comes even as India's current account remained in deficit, highlighting the role of foreign capital inflows in strengthening the country's external financial position.

According to the data, the overall BoP surplus rose from USD 20.8 billion in July 2026 to USD 45.4 billion in August.

A major contributor was the sharp increase in banking capital inflows,...