RBI Projects Healthy Balance‑of‑Payments Surplus as June Capital Measures Take Effect

RBI says it expects a healthy balance‑of‑payments surplus in FY27, crediting June capital measures like relaxed external commercial borrowing limits and tax incentives that are already increasing foreign currency receipts and supporting fiscal stability.

Balance‑of‑Payments outlook improves as tighter foreign‑exchange management, a noticeable rise in foreign direct investment, and stronger export earnings combine, according to the RBI bulletin, which noted a marked increase in net inflows over the last quarter.

Inflation for FY27 was revised upward to 5.1% mainly because of food price pressures, while core inflation stayed close to the 4% target, leading the Monetary Policy Committee to keep the repo rate steady at 5.25% and signal patience.

Foreign Inflows strategy adds simplified KYC procedures, lower tax on capital gains for overseas investors, and a fast‑track approval process for bond issuances, with the RBI and finance ministry jointly promoting these steps to deepen market depth and attract long‑term capital.