The current account balance posted a USD 5.46bn deficit in July, above the market forecast of USD 4.45bn, according to the Central Bank.
The July reading brought the 7-month current account deficit (CAD) to USD 42.3bn.
The gold- and energy-excluded current account saw a USD 717m surplus in the month.
Net errors and omissions recorded a USD 4.41bn surplus in July but posted a USD 711m deficit in the first seven months of the year.
“Services recorded a net surplus of USD 5.9bn. Under services, the travel item posted a net inflow of USD 4.79bn,” the bank said.
FDI inflows totaled USD 392m in July when portfolio investments hit a net inflow of USD 1.16bn.
Official reserves soared by USD 2.77bn in the month.