MUMBAI, – 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% of GDP in the reporting quarter, compared with a revised deficit of $11.3 billion or 1.3% 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% of GDP in the preceding quarter. (Reporting by Siddhi Nayak; Editing by Mrigank Dhaniwala)
