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In the December 2023 quarter, the current account deficit stood at $8.7 billion or 1% of GDP, show the latest data.
The current account logged a surplus in the March quarter largely due to higher services, the Reserve Bank said on Monday. The current account surplus stood at $5.7 billion in the fourth reporting quarter as against a deficit of $8.7 billion or 1 percent of GDP in the preceding quarter.
This story is from the June 25, 2024 edition of The New Indian Express.
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This story is from the June 25, 2024 edition of The New Indian Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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