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India's Current Account Deficit Narrows To $5.2 Billion In August, RBI Reports $45.4 Billion Balance Of Payments Surplus

India's Current Account Deficit Narrows To $5.2 Billion In August, RBI Reports $45.4 Billion Balance Of Payments Surplus
Photo: Free Press Journal · view original

Mumbai, Oct 15: India's current account deficit narrowed to USD 5.2 billion in August from USD 6.1 billion a year ago, aided by a lower merchandise trade deficit and higher surpluses in services trade, according to preliminary data released by the RBI on Thursday. The net deficit in the merchandi...

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