Autonomous Transaction
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- Autonomous transactions are independent of the state of the BOP Account.
- These transactions are not influenced by the foreign exchange position of the country.
- It included all Current and Capital Account transactions.
- They are also known as ‘Above the line’ transacting items as these transactions are captured explicitly under relevant heads of balance of payment.
Accommodating Transaction
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- These are transaction done to restore or balance the balance of payment.
- It is done to adjust the deficit or surpluses in the Autonomous Transaction account.
- It is done by the RBI or the Central Government (if any external loan assistance must be taken in case of BoP crisis).
- They are also known as ‘Below the line’ transacting items.
