Today, the Reserve Bank of India released the balance of payments (BoP) data for the third quarter (Q3), i.e., October-December of 2025-26, on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-December 2025 are detailed below in Table 1.

Preliminary data on India’s balance of payments (BoP) for the third quarter (Q3), i.e., October-December 2025-26, are presented in Statements I and II. Key Features of India’s BoP in Q3:2025-26 • India’s current account deficit increased to US$ 13.2 billion (1.3 per cent of GDP) in Q3:2025-26 from US$ 11.3 billion (1.1 per cent of GDP) in Q3:2024-25 (Table 1). ,