Q3 current account deficit flat at 1.4%

Deficit rose from $3.4 billion, or 0.6% of the GDP, in the July-September period

A decline in net invisibles receipts widened the current account deficit marginally to $7.9 billion, or 1.4 per cent of the gross domestic product (GDP), in October-December 2016 from $7.1 billion, or 1.4 per of the GDP, in the same quarter of the previous year.

The deficit rose from $3.4 billion, or 0.6 per cent of the GDP, in the July-September period.

Over April-December, the current account deficit narrowed on a contraction in the trade deficit to $11.6 billion, or 0.7 per cent of the GDP, from $21.6 billion, or 1.4 per cent of the GDP, in the corresponding period