The Reserve Bank of India (RBI), on Monday, said that the Current Account Deficit (CAD), as a proportion of gross domestic product (GDP), during the second quarter (July to September) of 2012-13 increased to 5.4 per cent from 4.2 per cent in the second quarter of the previous year. “Notwithstanding a reasonable increase in net services receipts, net invisibles earnings could finance only a lower proportion of trade deficit as net ‘primary and secondary’ income flows were relatively smaller. Consequently, the CAD worsened to $22.3 billion in the second quarter of 2012-13 from $16.4 billion in the preceding quarter and $18.9 billion in the second quarter of 2011-12,” the RBI said in its report on developments in India’s Balance of Payments (BoP) position.