New Delhi, Sept. 4 -- India's balance of payments (BoP) is expected to post a surplus of USD 60-65 billion in FY27 despite a widening current account deficit, as strong inflows through special RBI schemes are likely to offset weak capital flows, HDFC Bank said in a report.

The bank expects the current account deficit (CAD) to widen to around 1.1-1.3 per cent of GDP in FY27, with the deficit in the second quarter projected at 1.5-1.7 per cent of GDP. However, it has maintained an upside bias to its BoP surplus forecast.

"The large inflows mobilised under the RBI's FCNR(B) deposit and overseas borrowing measures are likely to more than compensate for the weak capital flows recorded in Q1 and support an overall BoP surplus in FY27," HDFC B...