India current account deficit widens marginally in April-June, RBI says
India’s current account deficit widened marginally in the April-to-June quarter from a year ago, RBI data showed. The gap was $4.2 billion, or 0.5% of GDP, citing higher commodity prices and a wider trade gap.
India's current account deficit (INCURA=ECI) widened marginally in the April-to-June quarter from a year ago on the back of higher commodity prices and a wider trade gap, the country's central bank said on Tuesday.The gap stood at $4.2 billion, or 0.5% of GDP (INCAPA=ECI), in the first quarter of t…