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June quarter current account deficit widens to four-year high as imports surge

Reuters  |  MUMBAI 

By Suvashree ChoudhuryMUMBAI (Reuters) - India's April-June current account deficit widened to its highest in four years as imports surged, but strong capital inflows comfortably financed the gap, data from the Reserve Bank of India showed on Friday.The current account deficit widened to 2.4 percent of gross domestic product, or $14.3 billion, as imports pushed the trade deficit to $41.2 billion from $23.8 billion in the same period a year ago.In the quarter ending in June last year, the current account deficit was 0.1 percent or $401 million. It is now at its highest level since the June ...

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First Published: Fri, September 15 2017. 19:18 IST