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India’s Current Account Deficit Narrows Sharply to USD 12.3 Billion in Q2 FY 2025-26

India’s current account deficit narrowed to USD 12.3 billion (1.3% of GDP) in Q2 FY 2025-26 from USD 20.8 billion a year ago, aided by higher exports, increased net services receipts, and strong FDI inflows. Foreign exchange reserves declined.

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