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India Posts Surprise Current Account Surplus
Reuters·T1·
India achieved an unexpected current account surplus for the first quarter of fiscal year 2025/26, a notable shift driven by robust performance in its services sector. This positive balance was further bolstered by an increase in remittances from Indian workers abroad. The Reserve Bank of India highlighted these factors as key contributors to the surplus, signaling a potentially stronger economic footing for the nation during this period.
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Original Source
Reuters — www.reuters.com