RBI Report: India's Current Account Deficit Reduces Significantly in the Last Quarter

Tuesday, 26 March 2024, 13:56

The recent report from the RBI reveals that India's current account deficit has decreased to $10.5 billion in the October-December period. Notably, the net FDI inflow during April-December 2023 was $8.5 billion, a significant decline from $21.6 billion in the same period last year. This trend suggests a potential economic shift that may impact India's financial landscape.

RBI Report on Current Account Deficit

The latest update from the Reserve Bank of India (RBI) highlights a notable reduction in India's current account deficit during the last quarter, shrinking to $10.5 billion.

FDI Comparison

The report also points out that the net FDI inflow for the period of April-December 2023 stood at $8.5 billion, a considerable decrease from the previous year's total of $21.6 billion.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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