New Delhi, Aug. 19 -- India's balance of payments (BoP) is expected to record a surplus of around USD 50 billion in FY27, while the current account deficit (CAD) is likely to remain contained at about 1 per cent of GDP, according to SBI Research.

The report said strong foreign currency inflows are expected to support India's external position.

It noted that the Reserve Bank of India's (RBI) special FCNR(B) deposit mobilisation scheme has attracted about USD 57 billion so far, with another USD 25-30 billion potentially flowing in during the remaining days of August. This could take total inflows to around USD 85 billion, ANI reported.

SBI Research said the early closure of the FCNR(B) window is unlikely to have a significant impact on e...