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,…

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