Current account deficit for Q4 narrows to $ 1.2 billion

Mumbai: India’s current account deficit for January-March 2015 quarter has reduced to US$ 1.3 billion (0.2 per cent of GDP) from US$ 8.3 billion (1.6 per cent of GDP) in the previous quarter. The Balance of Payments (BOP) too was positive with the highest ever accretion to foreign reserves …read more