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April-June current account deficit narrows to 1.2 pct of GDP

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Reuters MUMBAI
Last Updated : Sep 11 2015 | 7:07 PM IST

MUMBAI (Reuters) - India's current account deficit in the April-June quarter narrowed to $6.2 billion, or 1.2 percent of gross domestic product, from $7.8 billion, or 1.6 percent of GDP a year earlier, the Reserve Bank of India (RBI) said on Friday.

The April-June balance of payments surplus increased slightly to $11.4 billion from $11.2 billion a year ago, according to the RBI.

(Reporting by Himank Sharma and Rafael Nam; Editing by Anand Basu)

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First Published: Sep 11 2015 | 7:00 PM IST

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