Large inflows for the Reserve Bank of India’s Foreign Currency Non-Resident Bank (FCNRB) scheme pushed India’s Balance of Payments (BoP) surplus to a high of $20.8 billion in July, even as the current account deficit (CAD) doubled from a year ago, data released by the Reserve Bank of India (RBI) on Tuesday showed. In contrast, the year-ago month saw accretion of $0.3 billion to the foreign exchange reserves on a BoP basis. This figure was $2.9 billion in June.