Mumbai, Dec. 2 -- India's current account deficit moderated to US$ 12.3 billion (1.3 per cent of GDP) in Q2:2025-26 from US$ 20.8 billion (2.2 per cent of GDP) in Q2:2024-25, the RBI said on Monday. Merchandise trade deficit at US$ 87.4 billion in Q2:2025-26 was lower than US$ 88.5 billion in Q2:2024-25. Net services receipts increased to US$ 50.9 billion in Q2:2025-26 from US$ 44.5 billion a year ago. Services exports have risen on a year-on-year basis in major categories such as computer services and other business services, the central bank noted.

In the financial account, foreign direct investment (FDI) recorded a net inflow of US$ 2.9 billion in Q2:2025-26 as against a net outflow of US$ 2.8 billion in the corresponding period of 20...