RBIFor: Investor, NRI, Business
India's current account gap widens to $7.4 billion in September 2026
RBI's preliminary BoP data show a current account deficit of US$ 7.4 billion in September 2026, against US$ 5.2 billion a year ago. Foreign portfolio investment in India was net -6.5 billion, while NRI deposits added 3.7 billion.
Summary by TaxSavvy. Read the official notice.
Read the official notice (opens RBI press releases in a new tab)In short: FPAC
- Facts
- RBI released preliminary balance of payments data for September 2026: current account (net) -7.4, merchandise exports 45.3 and imports 75.3, services net 19.2, capital account (net) 16.2 and overall balance 8.8, all in US$ billion.
- Provisions and law
- RBI monthly press release on Developments in India's Balance of Payments, Press Release: 2026-2027/1495, data marked P (Preliminary) and PR (Partially Revised).
- Analysis
- Trade in goods stayed in deficit while services and transfers cushioned it; foreign portfolio investment in India was net -6.5 billion for the month and -8.9 billion for April-September 2026, while banking capital net stood at 22.2 billion with NRI deposits net 3.7 billion.
- Conclusion
- A wider current account deficit with portfolio outflows but strong banking capital inflows is the backdrop for rupee and import cost expectations.
What to do
- InformationCheck how much of your portfolio or business revenue is exposed to imports, exports or foreign currency.
- DiscussionDiscuss with your advisor whether NRI deposit and foreign investment plans need rebalancing in light of these flows.
Steps follow IDFD: Information, Discussion, Forms, Deliverables.
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See the serviceOfficial source: RBI press releases, “Developments in India’s Balance of Payments for the Month of September 2026”. This summary is general information, not advice for your case. The official notice is the final word.