Oct-Dec current account deficit falls to 1.3%: RBI

Current account deficit in the October-December quarter narrowed to $7.1 billion, or 1.3 per cent of gross domestic product, from $8.7 billion, or 1.7 percent of GDP a quarter earlier, the Reserve Bank of India (RBI) said on Monday.

The balance of payments surplus in October-December was $4.1 billion, compared to a deficit of $856 million in July-September, according to RBI.