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This deficit was 0.5% of the gross domestic product in the April-June period against 0.4% earlier. The overall balance of payments for the quarter were also at a deficit of $8.1 billion. Also Read: India posts $2 billion current account deficit in May as trade gap widens Merchandise trade deficit was at $86.1 billion, up from $68.9 billion seen in the year-ago quarter. This was primarily due to a 26% higher oil import bill to $49 billion in the first quarter of FY27 even as the oil import volumes contracted 18%. Net services receipts grew to $51.6 billion from $47.9 billion a year ago, backed by higher exports in computer services, other business services and transportation services, RBI said. In the financial account, foreign direct investment recorded a net inflow of $6.1 billion, up from $5.2 billion seen in the same period last year. Foreign portfolio investment however recorded a net outflow of $9.6 billion as against a net inflow of $1.6 billion making the capital account slip into deficit. Non-resident deposits saw a net inflow of $2.8 billion as compared with $3.6 billion earlier. Net inflows under external commercial borrowings amounted to $3.3 billion, down from $4.4 billion seen in the same period last year. The central bank revised the current account deficit figure to $4.2 billion from $3.1 billion as per earlier estimates announced last month. The capital account deficit figure was also revised to $5.5 billion from the $5 billion. After adjusting the error and omission of $1.6 billion, the current account came at $3.9 billion. Also Read: India records $8.1 billion deficit in April-June balance of payments, June turns surplus The country's foreign exchange reserves decreased by $8.1 billion in the first quarter on a balance of payments basis which does not include the change in valuation of the forex kitty. Foreign exchange reserves in nominal terms however decreased more -- $22.5 billion during April-June 2026, RBI said. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-09-02 02:58