India's BoP turning positive but below expectations, says ICICI Bank
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
India's Balance of Payments (BoP) is turning positive, but it is likely to remain lower than earlier expectations as elevated oil prices and an expanding non-oil, non-gold deficit weigh on the external trade position, according to a research report by ICICI Bank Global Markets.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralIndia's external balance affects the rupee and yields, with oil prices as a key driver.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01India's balance of payments is turning positive.
- 02It is likely to stay below earlier expectations due to elevated oil prices.
- 03The non-oil, non-gold trade deficit is widening.