Current account deficit narrows to at $11.2 bn in July-September: RBI
The current account deficit stood at $11.2 bn, or 1.2 per cent of GDP in the reporting quarter, compared with a revised deficit of $11.3 bn or 1.3 per cent of GDP in the same quarter a year ago
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The deficit stood at a $9.7 billion or 1.1 per cent of GDP in the preceding quarter. | Representative Image
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India's current account deficit moderated slightly from a year earlier in the July-September quarter, the central bank said on Friday.
The current account deficit stood at $11.2 billion, or 1.2 per cent of GDP in the reporting quarter, compared with a revised deficit of $11.3 billion or 1.3 per cent of GDP in the same quarter a year ago, the Reserve Bank of India (RBI) said in a release.
The deficit stood at a $9.7 billion or 1.1 per cent of GDP in the preceding quarter.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Dec 27 2024 | 5:34 PM IST