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India's Oct-Dec current account deficit narrows to 1.3 pct of GDP: RBI

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Reuters NEW DELHI
Last Updated : Mar 21 2016 | 5:49 PM IST

NEW DELHI (Reuters) - India's current account deficit in the October-December quarter narrowed to $7.1 billion, or 1.3 percent of gross domestic product, from $8.7 billion, or 1.7 percent of GDP a quarter earlier, the Reserve Bank of India (RBI) said on Monday.

The balance of payments surplus in October-December was $4.1 billion, compared to a deficit of $856 million in July-September, according to RBI.

(Reporting by Suvashree Dey Choudhury, Neha Dasgupta, and Swati Bhat; Editing by Rafael Nam)

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First Published: Mar 21 2016 | 5:37 PM IST

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