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,

India’s current account deficit stayed largely flat in the July-September period from the previous quarter’s number, which was revised up sharply.

India’s current account deficit (CAD) reached $11.2 billion (1.2% of GDP) in Q2FY25, while the balance of payments (BoP) surplus surged to $18.6 billion, the Reserve Bank of India said.

The current account deficit stood at $11.2 bn, or 1.2 per cent of GDP in the reporting quarter, compared with a revised deficit of $11.3 bn or 1.3 per cent of GDP in the same quarter a year ago