FX.co ★ India Current Account Widens

India’s current account deficit widened to $13.2 billion in the December 2025 quarter, compared with a $11.3 billion shortfall in the same period a year earlier. The goods trade deficit increased to $93.6 billion from $79.3 billion, driven by a surge in imports after pressure from the US government prompted Indian refiners to scale back purchases of discounted Russian crude and shift to costlier alternatives. Meanwhile, the services surplus expanded to $57.5 billion from $51.2 billion.