India's current account deficit reaches USD 12.3 billion in Q2 FY26
pre-market1 source ↓written by the desknot a recommendation
- in gold imports
- 150% surge
- against the USD
- 88–91 range
India’s current account deficit widened to USD 12.3 billion (1.3% of GDP) in Q2 FY26, up from 0.3% in Q1. This increase was driven by a 150% surge in gold imports to USD 19 billion and a decline in goods exports due to higher US tariffs.
The capital account surplus fell to USD 0.6 billion, indicating weaker foreign investments, while the balance of payments showed a USD 11 billion deficit. Analysts anticipate the rupee may trade in the 88–91 range against the USD due to ongoing global pressures.
Not investment advice. For informational purposes only.