MUMBAI Dec 13 India posted a current account
deficit of $3.4 billion, or 0.6 percent of gross
domestic product, in the July-September quarter, the Reserve
Bank of India said in a statement on Tuesday.
That compared with a deficit of $8.5 billion, or 1.7 percent
of GDP, in the same quarter a year ago, according to data
released by the RBI. In the April-June period, the current
account deficit was $300 million or 0.1 percent the GDP.
Meanwhile, the balance of payments was at a
surplus of $8.5 billion compared with a deficit of $900 million
a year ago, the RBI data showed.
(Reporting by Suvashree Dey Choudhury and Abhirup Roy; Editing
by Biju Dwarakanath)