India Slips Into $2.4 Billion Current Account Deficit in Q1, Says RBI

India's current account logged a deficit in the April-June quarter on the back of a higher merchandise trade shortfall, the Reserve Bank of India (RBI) said on Monday.

- Reuters

The current account deficit stood at $2.4 billion, or 0.2% of the gross domestic product (GDP), in the first quarter of FY25-26, compared with a deficit of $8.6 billion, or 0.9% of GDP, in the same quarter a year ago.

In the preceding quarter, the current account had recorded a surplus of $13.5 billion, or 1.3% of GDP.

The merchandise trade deficit widened to $68.5 billion from $63.8 billion a year earlier, the Reserve Bank of India said.