ANSWER: USD 6.2 billion
Explanation:
First quarter current account deficit has fallen to 1.2% of the nation’s GDP from USD 7.8 billion or 1.6% in Q1FY15. CAD was higher as against 1.3 billion or 0.2% in Q4FY15. RBI data released on 12th September 2015 shows POL basket dropped to USD 24 billion from 40 billion. A massive component of this is crude and fall in import value is due to global crude prices crash.
