Mumbai, July 16 -- India recorded a current account surplus of USD 2.8 billion during April-May 2026, compared with a deficit of USD 4.1 billion in the corresponding period last year, mainly aided by higher inward remittances from abroad and a rise in services exports, RBI data showed on Wednesday. However, the country's overall balance of payments registered a deficit of USD 11 billion during the first two months of the current fiscal year, compared to a surplus of USD 5 billion in the same period last year, according to the data. The merchandise trade deficit widened to USD 55.9 billion during the first two months of 2026-27 from USD 49.7 billion during April-May last fiscal year.

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