Falling imports, moderate crude to help post 0.4% current account surplus, first since FY04: Study

After many quarters, the economy logged in a marginal current account surplus in June quarter at 0.1 per cent or USD 600 million as against a deficit of USD 4.6 billion or 0.7 per cent of GDP in FY19, according to the latest Reserve Bank data. For fiscal 2020, CAD improved to 0.9 per cent of GDP from 2.1 per cent in FY19.

from Economy-News-Economic Times https://ift.tt/3fZoOE6