India's CAD moderates in Q2

India’s current account deficit (CAD) moderated in the July-to-September quarter on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday.

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CAD stood at $12.3 billion, or 1.3% of the gross domestic product, in the second quarter of the fiscal year 2025-26.

(REUTERS)

The CAD stood at $12.3 billion, or 1.3% of the gross domestic product (GDP), in the second quarter of the fiscal year 2025-26, compared with an upwardly revised deficit of $20.8 billion, or 2.2% of GDP, in the same quarter a year ago.

In the preceding quarter, the current account had recorded a deficit of $2.4 billion, or 0.2% of GDP.