NEW DELHI: Cost pressure, led by rise in commodity prices, is expected to take India's current account deficit during Q2FY22 to 1.3 per cent of the GDP, India Ratings and Research said on Monday.
However, a relatively stable services trade surplus is expected to cushion the deficit.
"A stable services trade surplus of $24 billion would help rein in the current account deficit at $10.1 billion in 2QFY22. The current account was in surplus of $6.5 billion in Q1FY22," the rating agency said. (IANS)