MUMBAI, June 8 -- India reported a current account surplus of 0.7% of gross domestic product (GDP) in the March quarter of FY26, down from 1.4% a year earlier, according to Reserve Bank of India (RBI) data released on Monday.

The March-quarter (Q4FY26) surplus marked a reversal from the $13.2 billion deficit recorded in the preceding quarter, although it was lower than the year-ago surplus of $13.7 billion.

For the full year, the current account deficit increased in absolute terms to $25.2 billion from $22.9 billion a year earlier, but remained steady at 0.6% of GDP.

The current account tracks the flow of goods, services and investment income between India and the rest of the world. A surplus indicates that inflows exceeded outflows du...