In the financial account, foreign direct investment (FDI) recorded a net inflow of $ 5.7 billion in Q1FY26 as compared to a net inflow of $6.2 billion a year ago.
India’s merchandise imports grew 6 percent in the third quarter to $186.7 billion, but a pick in demand helped exports rise to $109 billion and bring down goods trade deficit
The foreign exchange reserves in nominal terms rose by $66.9 billion during April-September 2020 as compared with $20.8 billion recorded during the same period in 2019.
The surplus in the current account was on account of a sharp contraction in the trade deficit to $10.0 billion due to steeper decline in merchandise imports relative to exports on a year-on-year basis, RBI said in its report on India's Balance of Payments
The narrowing of trade deficits was helped by a slowdown in gold imports, which should ease pressure on the current account balance and the beleaguered rupee
India's exports rose 3.23% year-on-year to USD 24.5 billion in April, while imports grew 3.83% on year to USD 37.9 billion, government data showed on Friday.