India's August BoP swings to $45.4 billion surplus
In short
India posted a $45.4 billion balance-of-payments surplus in August, after a $5.6 billion deficit before. Net transfers rose to $12.8 billion and capital-account inflows reached $50.6 billion, up from $0.5 billion a year earlier.
This matters because it points to stronger foreign money coming into the country and more support for the rupee. The reporting says central bank measures helped, but it does not say which measures drove the move.
What the reporting says
India's balance of payments swung to a $45.4 billion surplus in August, after a $5.6 billion deficit previously. The reported support came from a $12.8 billion rise in net transfers and $50.6 billion in capital-account inflows, far above $0.5 billion a year earlier. The reporting says central bank steps to attract capital helped build foreign-exchange deposits, but the exact policy mix is not stated.
Why it matters
India's August balance of payments moved to a $45.4 billion surplus, according to the publisher summary, even though the current account stayed in deficit. The reported drivers were higher net transfers at $12.8 billion and capital-account inflows of $50.6 billion versus $0.5 billion a year earlier. The immediate market implication is stronger foreign-exchange support, but the reporting does not specify the exact central bank measures involved.