16 Aug 2026 21:53:18 ET │ 14 pages Ac t i o n | India Economics Early Termination of FCNR(B) Scheme: Motivations and Implications for BoP and USDINR CITI'S TAKE Early termination of the FCNR(B) scheme, June BoP and July trade data give us an opportunity to reassess our FY27 BoP forecasts. We revise our forecast of total gross inflow under FCNR(B) to $70bn, down $10bn. We forecast FY27 BoP surplus at $53bn, down from $60bn earlier, with CAD at 1.2% of GDP. Importantly, BoP could move from surplus of $56bn in ...