India reports quarterly current account surplus for first time since 2006-07
Furthermore, foreign portfolio investment (FPI) decreased by US$ 13.7 billion in the last quarter of FY20 as against an increase of US$ 9.4 billion in Q4 of 2018-19 on account of net sales in both the debt and equity markets.
India reported surplus in current account for the first time in Jan-Mar quarter since 2006-07 on account of trade deficit amid slow consumption, Covid-19 pandemic and increase in net invisible receipts. Photo: Reuters