India's current account surplus rises to USD 19.8 billion in June quarter

India posted a healthy current account surplus in Q1FY21 on the back of lower trade deficit, official data showed on Wednesday. According to Reserve Bank of India's data on India's Balance of Payments (BoP), a year-on-year basis the Q1FY21 surplus stood at $19.8 billion from a deficit of $15 billion reported for the corresponding period of the previous fiscal.

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