India's Rupee Recovery and Narrowing Current Account Deficit

• The Indian rupee has strengthened from 96.79 to around 95 per dollar due to RBI interventions.
• India's current account deficit narrowed to $5.2 billion in August 2026, down from previous months.
• India's overall balance of payments showed a surplus of $45.4 billion in August 2026, driven by increased foreign currency inflows.
• Foreign direct investment improved with net inflows of $3.3 billion recorded in August 2026.
• The RBI's latest measures are expected to continue supporting the rupee's recovery towards the 100-per-dollar level.