India's current account deficit narrows to $5.2 billion in August as capital account surplus hits $50.6 billion
India's current account deficit narrowed to $5.2 billion in August, compared to $6.1 billion a year earlier.
The capital account surplus increased substantially to $50.6 billion, influenced by non-resident deposits of $83 billion.
The balance of payments showed a surplus of $45.4 billion, contrasting with a deficit of $5.6 billion in the previous year.
External commercial borrowing saw a net outflow of $22.4 billion during this time.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
