What coverage agrees on
RBI data shows India's current account deficit widened slightly in April-June, while remittance inflows increased over the period.
India · India
India's current account deficit widens slightly
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The current account deficit widened to $4.2 billion.
That was equal to 0.5 percent of GDP in the quarter.
The RBI said higher commodity prices and a wider trade gap drove the shift.
Private transfer receipts from overseas remittances rose to $42.9 billion.
Why it mattersThe wider deficit can affect the rupee, financing needs, and investor confidence in India’s external balance.
More context
India's overall balance of payments recorded a $8.1 billion deficit.
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What is changing or disputed
The report gives a quarter-by-quarter snapshot, so later data could alter the picture of trade and transfer flows. It does not provide a broader forecast for how the deficit will move next.
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Neutral1
RBI data shows India's current account deficit widened marginally in April-June to $4.2 billion, or 0.5 percent of GDP. The central bank said higher commodity prices and a wider trade gap were the main drivers. It also noted that private transfer receipts from overseas remittances rose to $42.9 billion. The overall balance of payments recorded a $8.1 billion deficit.
Distinctive emphasis — reported claim, not independently verified.Sources: marketscreener.com
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India's current account widens marginally in April-June, RBI data shows
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India's current account widens marginally in April-June, RBI data shows
Quick source take
According to the Reserve Bank of India, the country experienced a marginal widening of its current account deficit to $4.2 billion, or 0.5 percent of GDP, during the April-to-June quarter of the fiscal year compared to the previous year. The central bank reported that this shift was driven by higher commodity prices and a wider trade gap, while private transfer receipts from overseas remittances increased to $42.9 billion. Additionally, the RBI noted that India's overall balance of payments recorded a deficit of $8.1 billion.