The current account deficit is the difference between exports and imports of goods and services. It is a key indicator of the country's external sector.

India's current account deficit moderated slightly from a year earlier in the July-September quarter, the central bank said on Friday. The current account deficit stood at $11.2 billion, or 1.2% of GDP in the reporting quarter,

India’s current account deficit stayed largely flat in the July-September period from the previous quarter’s number, which was revised up sharply.

The widening deficit is putting additional pressure on the Indian rupee, which fell to a record low of 85.8150 against the US dollar on Friday. The RBI's ongoing efforts to halt the rupee's decline have led to a depletion of over $50 billion from the country's foreign exchange reserves since its peak of approximately $705 billion in September.

Greece's current account deficit narrowed sharply in October from a year earlier to 383 million euros ($397.59 million), helped by robust tourism revenue and a further inflow of EU funds, data from the Bank of Greece showed on Friday.

India's current account deficit narrows to 1.2% of GDP in Q2 FY25 due to increased services receipts and investments.