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Informist, Monday, Dec. 1, 2025

 

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--RBI: India Jul-Sept current account deficit $12.3 bln 
--RBI: India Jul-Sept CAD $12.3 bln vs $20.8 bln CAD year ago
--RBI: India Jul-Spet CAD 1.3% of GDP vs 2.2% year ago
--RBI: India Jul-Sept CAD $12.3 bln vs $2.7 bln quarter ago 
--RBI: India Jul-Sept CAD 1.3% of GDP vs 0.3% quarter ago
--RBI:India Q2 CAD dn on lower merchandise trade deficit, higher svcs receipts 
--RBI: Jul-Sept net depletion to FX reserves $10.9 bln on BoP basis
--RBI: Jul-Sept net FPI outflows $5.7 bln vs $19.9 bln inflows yr ago 
--RBI: India Jul-Sept net FDI inflow $2.9 bln vs $2.8 bln outflow year ago

 

NEW DELHI – India's current account deficit fell to $12.3 billion, or 1.3% of GDP, in Jul-Sept, from $20.8 billion, or 2.2% of GDP, a year ago, data released by the Reserve Bank of India on Monday showed. However, the deficit widened sharply from $2.7 billion, or a meagre 0.2% of GDP, in Apr-Jun.

 

The RBI said the current account deficit for the September quarter fell on year due to a lower goods trade deficit and better services receipts. The goods trade deficit was slightly lower at $87.4 billion compared with $88.5 billion a year ago, likely due to the frontloading of exports bound to the US before reciprocal tariffs kicked in early August that rose to 50% by the end of the month. The services trade surplus in the September quarter rose to $50.9 billion from $44.5 billion a year ago, the RBI data showed.

 

The net accretion to India's foreign exchange reserves in the second quarter of FY26 was $10.9 billion on a Balance of Payments basis, sharply down from $18.6 billion in the Jul-Sept quarter of 2024.

 

The net portfolio investment recorded an outflow of $5.7 billion in Jul-Sept against an inflow of $19.9 billion in the corresponding period a year ago. However, net foreign direct investment recorded an inflow of $2.9 billion in the second quarter, against an outflow of $2.8 billion in Jul-Sept 2024.

 

For the first half of FY25, the current account was $15 billion, lower than $25.3 billion the year earlier. In terms of percentage of GDP, the CAD for Apr-Sept was 0.8% of GDP, compared to 1.3% of GDP last year.   End

 

US$1 = INR 89.54

 

Reported by Krity Ambey and Aaryan Khanna

Edited by Ashish Shirke

 

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