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MUMBAI, Sept 28 - India's current account deficit widened in the April-June quarter, from the previous three months, largely due to a higher trade deficit, lower surplus in net services and a drop in private transfer receipts, the central bank said on Thursday.
The median forecast in a Reuters poll of 17 economists was for a deficit of $8.9 billion, or 1% of GDP, for the latest first quarter. Private transfer receipts, which are is mainly remittances by Indians employed overseas, moderated to $27.1 billion from $28.6 billion.
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