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 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 narrows to 1.2% of GDP in Q2 FY25 due to increased services receipts and investments.

India’s central bank has started to rein in its ballooning non-deliverable forwards book, according to people familiar with the matter, shifting away from one of its key tools to push back against the strong dollar.