scorecardresearchCurrent Account Deficit seen hitting a 36-quarter high at 3.4% in April-June

Current Account Deficit seen hitting a 36-quarter high at 3.4% in April-June

Updated: 19 Sep 2022, 05:14 PM IST
TL;DR.
In the March 2022 quarter, the deficit was a moderate 1.5 per cent or USD 13.4 billion, while in Q1FY22 the current account surplus was USD 6.6 billion or 0.9 per cent of GDP when the country was hit by the second wave of the pandemic, according to the agency.
While the focus remains on the US dollar, it is worth pointing out that against other major currencies, including the euro, yen, and sterling, the rupee has strengthened, not weakened, this year (Shutterstock)

While the focus remains on the US dollar, it is worth pointing out that against other major currencies, including the euro, yen, and sterling, the rupee has strengthened, not weakened, this year (Shutterstock)