India's BoP surplus to hit $97-100 bn in FY27: ICICI Bank

ICICI Bank projects India's Balance of Payments surplus to reach USD 97-100 billion in FY27, driven by steady capital receipts, rising remittances (up 24% YoY), and services export growth. FX reserves stand at USD 780 billion. USD/INR expected to trade between 94-96 near-term, with RBI actively managing depreciation pressures.