The balance of payments was a deficit of $300 million in the June quarter of the fiscal year ended in March 2014, the RBI said.
MUMBAI: India's balance of payments stood at $11.2 billion during April-June, a third straight quarter of surplus, according to data from the Reserve Bank of India released on Monday, as exports picked up and gold imports slumped.
The current account deficit during April-June was $7.8 billion, or 1.7 percent of gross domestic product, compared with $21.8 billion or 4.8 per cent a year earlier, the RBI said.
The balance of payments was a deficit of $300 million in the June quarter of the fiscal year ended in March 2014, the RBI said.
The trade deficit in the April-June period fell to $34.6 billion from $50.5 billion a year earlier, as gold imports dropped 57.2 per cent to $7 billion from $16.5 billion for the comparable period.
The current account deficit during April-June was $7.8 billion, or 1.7 percent of gross domestic product, compared with $21.8 billion or 4.8 per cent a year earlier, the RBI said.
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