{
  "id": 5526643,
  "title": "RBI’s Policy Push Could Help India Maintain Balance-of-Payments Buffer Of Up To $75 Billion In FY27",
  "url": "https://urgent.news/2026/09/04/rbis-policy-push-could-help-india-maintain-balance-of-payments-buffer",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T08:21:01.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/rbis-policy-push-could-help-india-maintain-balance-of-payments-buffer-of-up-to-75-billion-in-fy27"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India's (RBI) efforts to attract foreign currency inflows may enable India to sustain a balance-of-payments surplus of $65-75 billion during the fiscal year 2027, as per a report from Bank of Baroda. The RBI's recent initiatives are seen as a significant success, bolstering India's external standing amidst heightened geopolitical tensions. Record High Forex Reserves The RBI's initiatives led to substantial inflows, amounting to approximately $136.4 billion, significantly enhancing India's forex reserves and providing the central bank with more flexibility to handle currency volatility. Record-breaking Reserves India's foreign currency assets surged by $47.9 billion, pushing total foreign exchange reserves to an all-time high of $729.3 billion. Stable Economic Outlook Despite ongoing geopolitical uncertainties, the RBI's measures provide India with a resilient stance to absorb external shocks, as noted in the report. Current Account Deficit Expected The current account deficit is anticipated to be around 1-1.25% of GDP, backed by robust services exports and substantial remittances. FCNR(B) Deposits Fuel Inflows A major contributor to the inflows was FCNR(B) deposits, accounting for $127.2 billion, or more than 90% of the total mobilization. FCNR(B) deposits' interest rates were hiked by several banks to make them more appealing to Non-Resident Indians (NRIs). RBI Absorbs Excess Liquidity The RBI has been mitigating excess liquidity through Variable Rate Reverse Repo (VRRR) auctions, totalling Rs 53.5 lakh crore between August 6 and September 2. Efforts to Strengthen External Buffers These actions underscore the RBI's commitment to strengthening India's external financial buffers amid an increasingly volatile global landscape.",
  "summary": "New Delhi: The Reserve Bank of India’s measures to attract foreign currency inflows could help the country maintain a balance-of-payments surplus of $65-75 billion in FY27, according to a Bank of Baroda report. The report described the RBI’s recent initiatives as a major success, with foreign inflows strengthening India’s external position at a time of heightened geopolitical uncertainty. Forex…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}