India's April-June balance of payments records $8.1 billion deficit, June turns surplus

India recorded an $8.1 billion balance of payments deficit in the April-June quarter. This occurred despite a $2.9 billion surplus recorded for the month of June. The current account balance slipped to a $3.1 billion deficit for the quarter. Net transfers and capital account inflows saw significant increases during June. Policy measures aim to boost dollar inflows for the fiscal year.