India’s Balance of Payments (BoP) saw an $8.8 billion surplus in September, mainly because of a high capital account surplus while the current account deficit (CAD) widened, data released by the Reserve Bank of India (RBI) on Friday showed. In contrast, September 2025 saw foreign exchange reserves deplete $5.6 billion on a BoP basis. The BoP was in a surplus of $45.4 billion in August mainly because of large inflows for the RBI’s Foreign Currency Non-Resident Bank (FCNRB) scheme, which ended in August. High FCNR (B) inflows led to a BoP surplus of $66.8 billion in the first half of FY27 compared to a $6.4 billion deficit in April-September 2025.