India's current account balance improved to a surplus of 2.4% of GDP in Q2 FY21 from a deficit of 1.1% in Q2 FY20.
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Dec 30, 2020
Q2 FY21 BoP - The problem of plenty
India’s BoP data for Q2 FY21 offers both comfort and concern. We believe the RBI would need to carefully manage the impossible trinity (exchange rate, capital flows, and monetary policy credibility) in the most non-disruptive manner.