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8 months ago
India's current account gap in July-Sept at 0.6 pct of GDP - cenbank
December 13, 2016 / 1:07 PM / 8 months ago

India's current account gap in July-Sept at 0.6 pct of GDP - cenbank

MUMBAI, Dec 13 (Reuters) - 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)

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