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India's August balance of payments surplus swings to $45.4 billion
India’s balance of payments recorded a surplus of $45.4 billion in August, compared with a deficit of $5.6 billion a year earlier, data from the Reserve Bank of India showed on Thursday. The country’s external position has improved after the central bank announced a series of policy measures to attract capital inflows in June, including a concessional foreign-exchange deposit scheme for overseas Indians. The current account balance for August stood at a deficit of $5.2 billion, compared with a deficit of $6.1 billion in August 2025. Net transfers, which include remittances from Indian worke...
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