#Capital account

The RBI is in a fix. Too much capital is flowing into India. And it turns out, you can have too much of a good thing – money included.

The numbers for April are in. We’re trading less with the world, vehicle sales are a mixed bag, and FPI money leaves India. And more.

India’s earning a tidy bit of foreign exchange, as its capital account surplus trumps a falling current account deficit. An RBI MPC meeting has just begun. And February sees paltry tax collections.