June qtr current account gap outside comfort zone: RBI

Fell to $16.55 bn in the June qtr, down from an all time high of $21.76 bn in March qtr

India's June quarter current account deficit is still outside the comfort zone, Reserve Bank of India's deputy governor Subir Gokarn said.

The country's current account deficit fell to $16.55 billion in the June quarter, down from an all time high of $21.76 billion in the March quarter, and also below the $17.54 billion deficit posted in the June quarter last year.

Gokarn spoke on the sidelines of an industry event in the southern city of Chennai on Wednesday.