BoP & Flow Analyst

Current + capital account flows, oil import bill, FPI debt and equity.

12-month call · May 2027
91.75 INR
80% band ₹89.00 → ₹94.50 · vs spot ₹94.47 · vs swarm consensus ₹92.75
12 months · May 2027
91.75
89.0094.50
24 months · May 2028
91.00
88.0094.50
36 months · May 2029
90.75
88.0094.25

Top drivers

  1. 01

    Oil import bill at $70/$85/$100 Brent scenarios (every $10 = ~$18.5 bn CAD swing)

  2. 02

    FPI debt + equity flows ($25-45 bn annual swings; JPM index at 9% weight)

  3. 03

    Services exports surplus ($214 bn FY26, growing ~6% annually)

Single most load-bearing assumption

Brent settles in $75-85 range as West Asia ceasefire holds.

Self-rated confidence
Medium
Weight at 12M
13%
30-day hit rate
70%
Adversarial critique

What our CIO red-team flagged

UNDERCONFIDENT
Weakest assumption

Brent $75-85 based on 5 weeks of ceasefire; BoP arithmetic collapses if oil > $95.

Falsifying data point

Brent sustained above $100 for 3+ months.

Other agents