Kotak sees India posting BoP surplus in FY27; expects 50 bps rate hike in second half
New Delhi, Aug. 6 -- India is likely to record a balance of payments (BoP) surplus in FY27, supported by stronger capital inflows and higher foreign direct investment (FDI), even as the Reserve Bank of India (RBI) maintained status quo in its latest monetary policy, according to a Kotak Mahindra Mutual Fund report.
The report said higher capital inflows under the RBI's special measures, along with gross FDI inflows of USD 30.7 billion in the first quarter compared with USD 26.7 billion a year earlier, are expected to strengthen the country's external position.
"On account of capital inflows on account of special measures taken by RBI and Gross FDI in Q1 is higher at USD 30.7 billion as compared USD 26.7 billion last year, India will hav...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.