MUM­BAI:

The Pak Banker - - COMPANIES/BOSS -

In­dia’s cur­rent-ac­count deficit widened to a record last quar­ter as oil and gold im­ports surged, adding pres­sure on the government to ex­tend a pol­icy over­haul and at­tract for­eign in­vest­ment as the ru­pee weak­ens.

The deficit in the cur­rent ac­count, the broad­est mea­sure of trade, was $32.6 bil­lion in the three months ended Dec. 31, or 6.7 per­cent of gross domestic prod­uct, com­pared with a re­vised $22.6 bil­lion gap from July through Septem­ber, the Re­serve Bank of In­dia said in a state­ment Fri­day. The me­dian es­ti­mate of 12 econ­o­mists in a Bloomberg News sur­vey was for a deficit of $30.7 bil­lion.

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