iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Current account deficit hits 9-year high at 4.4% of GDP: RBI

30 Dec 2022 , 10:31 AM

India’s current account deficit (CAD) zoomed to an all-time high of $36.4 billion in July-September quarter, data released on December 29, 2022 by the Reserve Bank of India (RBI) reported.

The latest CAD figure is approx double the $18.2 billion posted in April-June quarter and nearly four times of as compared to in the second quarter of FY22.

The previous record for the highest CAD was $31.77 billion, posted in the third quarter of 2012-13.

For 2021-22 as a whole, the CAD was $38.77 billion.

‘Underlying the current account deficit in Q2:2022-23 was the widening of the merchandise trade deficit to $83.5 billion from $63.0 billion in Q1:2022-23 and an increase in net outgo under investment income,’ the Reserve Bank of India (RBI) said in a statement.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • CAD data
  • current account deficit
  • Current Account Deficit news
  • India GDP
  • RBI
  • Reserve Bank of India
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

SBI Card Q4 Profit Slips 20%
25 Apr 2025|11:17 PM
HUL Q4 Net Profit Rises to ₹2,493 Crore
25 Apr 2025|10:59 PM
Sensex and Nifty in Red on April 25, 2025
25 Apr 2025|02:08 PM
Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.