New Delhi, June 16 -- India's balance of payments remains broadly resilient but is increasingly constrained by global dollar liquidity tightness, leading to currency volatility, including in the rupee.

This environment also poses a risk of downward revisions to FY27 earnings estimates, says ASK Private Wealth.

According to the report, FCNR deposits are the most stable liquidity for India - its only individuals (non-resident) Indians that invest. It further noted, in 2013, a similar scheme attracted USD 35 billion; this time expectations are pegged at double that number.

While India's external position continues to be supported by strong services exports, remittances, and diversified trade flows, the rising pressure on dollar supply is ...