Current account surplus moderates to USD 15.5 bn in Q2: RBI
   Date :31-Dec-2020

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INDIA’S current account surplus moderated to USD 15.5 billion or 2.4 per cent of the GDP in the July-September quarter of the current fiscal. The same was at USD 19.2 billion or 3.8 per cent of the GDP in the preceding three months on account of a rise in the merchandise trade deficit, the RBI said on Wednesday. A current account deficit of USD 7.6 billion or 1.1 per cent of the GDP was recorded in the second quarter of 2019-20.