- BoP posted a deficit of US$ 6.4 Bn in Q3-25, a slight improvement from the US$ 6.7 Bn deficit in Q2-25, driven by US$ 8.1 Bn deficit in FA and a US$ 4.1 Bn surplus in CA.
- CA surplus was driven by the sharp increase in exports due to front-running effects and seasonal influx of tourists.
- The sharp deficit in the FA stemmed from rising domestic uncertainties, the maturity of US$ 6.0 Bn in foreign-owned SRBIs, and a net reduction in the external debt of SOE banks.
- Looking ahead to 2026, a key theme will be a widening CA deficit driven by increasing imports, alongside an expectation of continued equity inflows.
