MUMBAI, Dec 1 (Reuters) – India’s current account deficit moderated in the July-September quarter on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday.
The current account deficit stood at $12.3 billion, or 1.3% of GDP, in the second quarter of the fiscal year 2025-26, compared with an upwardly revised deficit of $20.8 billion, or 2.2% of GDP, in the same quarter a year ago.
In the preceding quarter, the current account had recorded a deficit of $2.4 billion ot 0.2% of GDP.
(Reporting by Swati Bhat; Editing by Mrigank Dhaniwala)
