Current Account Deficit
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India's current account deficit dips to 0.2% of GDP in Q4 FY23: RBI data
Business | Jun 27, 2023, 07:25 PM ISTThe 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 | Mar 16, 2018, 06:38 PM 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
Feb 23, 2015, 09:42 PM ISTPune: 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
Dec 10, 2014, 08:23 AM ISTNew 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, 05:41 PM ISTNew 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, 04:21 PM ISTNew 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, 04:36 PM ISTHyderabad: 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
Dec 04, 2013, 04:03 PM ISTMumbai: 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
Nov 13, 2013, 10:35 PM ISTMumbai: 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
Nov 01, 2013, 09:44 PM ISTNew 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
Oct 20, 2013, 10:07 PM ISTNew 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
Aug 06, 2013, 05:19 PM ISTNew 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
Jul 23, 2013, 02:50 PM ISTMumbai, 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