Even as the country is said to witness a “balance of payments stress test” in the current fiscal year due to rising energy import bill, subdued exports and an unusually weak capital account, data revealed by the Reserve Bank of India (RBI) on Monday showed a surprise current account surplus in the fourth quarter of 2025-26. This resulted in a benign current account deficit (CAD) of 0.6% of the gross domestic product (GDP) in FY26, the same level as the year before, as against around 1% expected by many analysts. The Q4FY26 current account surplus reached $7.1 billion (0.7% of GDP) despite an $83.4 billion merchandise trade deficit. This surplus was supported by solid net services receipts of $60.4 billion and remittances of $43.5 billion.