At $2.4 billion, India's current account back in deficit in June quarter

The current account deficit stood at $2.4 bn, or 0.2% of GDP, in the first quarter of the fiscal year 2025-26, compared with a surplus of $13.5 bn, or 1.3% of GDP, in preceding quarter, data showed

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

The current account deficit stood at $2.4 billion, or 0.2% of GDP, in the first quarter of the fiscal year 2025-26, compared with a surplus of $13.5 billion, or 1.3% of GDP, in the preceding quarter, data showed. 

India had recorded a current account deficit of $8.6 billion, or 0.9% of GDP, in the same quarter a year ago.