India's current account deficit narrows to $5.2 billion in August as capital account surplus hits $50.6 billion
Indian markets moved higher in an institutional flows development.
· ET Stocks
India's current account deficit narrowed to $5.2 billion in August, compared to $6.1 billion a year earlier. The capital account surplus increased substantially to $50.6 billion, influenced by non-resident deposits of $83 billion. The balance of payments showed a surplus of $45.4 billion, contrasting with a deficit of $5.6 billion in the previous year.
The analysis
Sustained FII or DII direction moves the whole market, not just the names being bought — it sets the tape's tone.
Market context
- Sector exposure: Capital Goods & Engineering, Capital Markets.
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