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The Economic Times

Global Business / The Economic Times

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India's current account slips into $2 billion deficit in May as trade gap widens

India's financial landscape shifted in May, marked by a current account deficit alongside a narrower capital account deficit. The total balance of payments registered a $4.4 billion deficit, mainly due to a substantial merchandise deficit of $27.9 billion, overshadowing service surpluses and remittances. Furthermore, foreign portfolio investors began to temper their divestments in the local markets, with the central bank noting an outflow in foreign direct investment.

15 Jul 2026 9:28 pm