Current account posts fourth straight surplus

The current account recorded a fourth consecutive surplus of $729 million in November, marking the second-highest surplus since July 2013, while the surplus for the first five months of the current fiscal year approached one billion dollars. The latest data released by the State Bank on Tuesday revealed a current account surplus of $944 million for July-Nov FY25, compared to a deficit of $1.676 billion during the same period last fiscal year. The November surplus appears to be a turning point for the current account, jumping by $729m compared to $215m in the first four months of the current fiscal year. In November FY24, the current account was in deficit by $148m.