New Delhi, July 16 -- India recorded a current account deficit of USD 2 billion in May 2026 as a wider merchandise trade gap offset healthy net services receipts and transfers, according to the Reserve Bank of India's (RBI) preliminary Balance of Payments (BoP) data. Despite the monthly deficit, the country posted a current account surplus of USD 2.8 billion during the April-May 2026 period.

The RBI data showed that the merchandise trade deficit widened to USD 27.9 billion in May 2026 from USD 22.6 billion in the corresponding month of last year. Merchandise exports rose to USD 46.1 billion from USD 38.7 billion, while imports increased to USD 74 billion from USD 61.3 billion over the same period.

Net services receipts remained largely ...