Goldman Sachs Revises India’s Balance of Payments Outlook, Sees Easing Rupee Depreciation Pressure
Goldman Sachs reports an improved outlook for India's balance of payments, highlighting a $7.2 billion surplus in Q1 CY26 driven by strong remittances, robust services exports, and lower oil imports. Despite recent rupee weakness, the brokerage attributes currency pressure mainly to precautionary dollar demand amid Middle-East tensions rather than external fundamentals. It lowered current account deficit forecasts for CY26 and FY27, citing reduced oil and gold import assumptions and expects RBI measures to support capital inflows.