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  India's current account deficit dips to 0.2% of GDP in Q4 FY23: RBI data

  Business | June 27, 2023 19:25 IST

  The trade deficit decreased to USD 52.6 billion from USD 71.3 billion in the previous quarter, which was primarily responsible for the sequential decline in CAD in the fourth quarter of the previous fiscal year. Additionally, robust service exports contributed to the decrease in CAD.

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  India's Q3 current account deficit widens to $13.5 bn

  India | March 16, 2018 18:38 IST

  "India's CAD at $13.5 billion (2 per cent of GDP) in Q3 of 2017-18 increased from $8 billion (1.4 per cent of GDP) in Q3 of 2016-17 and $7.2 billion (1.1 per cent of GDP) in the preceding quarter," the RBI said.

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  Falling oil prices, an opportunity to strengthen our balance sheet: Deputy Governor RBI

  February 23, 2015 21:42 IST

  Pune: Plunging global oil prices provides India with unique opportunity to strengthen its balance sheet, H.R. Khan, Deputy Governor of the Reserve Bank of India said in a speech to management students on Monday. Nearly two-thirds

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  Rise in Current Account Deficit not matter of concern: Finance Minister

  December 10, 2014 8:23 IST

  New Delhi: The government exuded confidence that Current Account Deficit remains broadly under control despite an increase during the last quarter, even as opposition Congress countered this saying it is not a very happy situation

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  CAD may come down to 2.3 per cent of GDP in FY'15: Report

  May 21, 2014 17:41 IST

  New Delhi: India's current account deficit is likely to narrow to 2.3 per cent of gross domestic product this fiscal as the new government is expected to focus on exports and reduce dependency on imports,

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  Gold imports down 74% to $1.75 billion in April

  May 11, 2014 16:21 IST

  New Delhi: Gold imports declined over 74% to $1.75 billion in April due to restrictions imposed by the government on inbound shipments of the precious metal to narrow the current account deficit.Imports of gold in

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  CAD likely to be around 2 pc of GDP: Rangarajan

  May 05, 2014 16:36 IST

  Hyderabad: India's Current Account Deficit (CAD) is likely to be around 2 per cent of GDP in the coming few years due to slackening of gold imports, among other factors, Prime Minister's Economic Advisory Council

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  CAD likely to remain lower in Q3 and Q4: India Ratings

  December 04, 2013 16:03 IST

  Mumbai: Pick-up in exports and decline in gold imports are likely to keep the country's Current Account Deficit lower during the rest of the fiscal as compared to the same period last year, a report

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  RBI pegs CAD at USD 56 bn, says no reason for rupee decline

  November 13, 2013 22:35 IST

  Mumbai: Seeking to reassure investors, RBI Governor Raghuram Rajan Wednesday said there is no fundamental reason for rupee to fall again, and pegged the current account deficit for 2013-14 at USD 56 billion, much lower

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  Current account deficit to be around $60 billion: Chidambaram

  November 01, 2013 21:44 IST

  New Delhi: Finance Minister P. Chidambaram today said India's current account deficit (CAD) would come down and be around $60 billion owing to rising exports and import controls initiated by the government."The current account deficit

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  Current Account Deficit to fall below 3.8% this fiscal: Montek

  October 20, 2013 22:07 IST

  New Delhi: Current Account Deficit is likely to be lower than the projection of 3.8 percent of the GDP and India will be in a better position to neutralise the impact of the tapering of

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  Government likely to announce 5-6 meaures to curb Current Account Deficit

  August 06, 2013 17:19 IST

  New Delhi, Aug 6: With the Reserve Bank of India's (RBI) measures failing to stem the rupee's slide, the government is likely to announce steps to curb a ballooning Current Account Deficit (CAD). The Finance

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  CAD may hover around 4% level until 2015: BofA-ML

  July 23, 2013 14:50 IST

  Mumbai, July 23: The current account deficit (CAD) of the country is "peaking" but is likely to hover around 4 per cent level until 2015, says a Bank of America Merrill Lynch report."India's current account