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. The Reserve Bank of India showed this data on Thursday. The country’s external position got better after the central bank started policy measures to attract many capital inflows.
Oct 15 (Reuters) - 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.
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