CareRatings raises FCNR inflow estimate to $80 billion, capital account surplus to $108 billion

CareRatings, a credit‑rating agency, has revised its forecast for FCNR‑B inflows upward to about $80 billion. The agency also anticipates that the combined effect of FCNR‑B, ECB and OFCB will push the capital account surplus to roughly $108 billion, a sharp rise from the $2 billion surplus recorded in the previous year. The report highlights that such a robust external position will act as a buffer against global volatility.