Current Account Deficit

Reserve Bank Governor Shaktikanta Das today exuded confidence that India's current account deficit (CAD), a key external sector indicator, is likely to remain moderate in the January-March quarter of 2022-23.

Pakistan's current account deficit (CAD) dropped to $0.2 billion in January 2023, down 90% from last year as the rupee's depreciation slowed down imports, the central bank said on Monday.

Shaktikanta Das said services exports rose 24.9 per cent year-on-year in the third quarter of 2022-23, driven by software, business and travel services.

The country's current account deficit (CAD) widened to 4.4 per cent of the GDP in the quarter ended September from 2.2 per cent in April-June due to higher trade gap, as per latest data of the Reserve Bank of India.

The country's current account deficit widened to 4.4 per cent of the GDP in the quarter ending September, from 2.2 per cent of the GDP during the April-June period due to a higher trade gap, according to the latest Reserve Bank data.

Underlying the current account deficit in July-September 2022-23 was the widening of the merchandise trade deficit to $83.5 billion from $63 billion in first quarter of 2022-23.

Falling exports and high crude prices are set to push up current account deficit (CAD) in the second quarter to a 37-quarter high of 4.4 per cent of GDP.

India's high fiscal and current account deficit challenges assume significance in the changed scenario of higher global interest rates, said a report.

State Bank of India has pencilled in lower current account deficit at 3 per cent for this fiscal as against the minimum consensus of 3.5 per cent, citing rising software exports, remittances and a likely USD 5-billion jump in forex reserves via swap deals.

India's current account deficit, a key indicator of the balance of payment position, widened to 2.8 per cent of GDP at USD 23.9 billion in the first quarter of the current financial year, mainly on account of a higher trade deficit.

Current account deficit likely widened to its highest in nearly a decade in the April-June quarter.

The overall foreign exchange reserves will deplete further this year due to a ballooning current account deficit and interventions by the central bank to support the rupee, Deutsche Bank said on Wednesday.

Standard Chartered on Wednesday raised its estimate of India's current account deficit (CAD) as a share of the gross domestic product for 2023, citing higher commodity prices and chances of an export slowdown.

Brokerage Nomura expectscurrent account deficit (CAD) as a share of the gross domestic product to triple this fiscal year, saying that a global economic slowdown will further skew the country's trade imbalances.

The current account deficit deteriorated sharply in the last quarter and is expected to end the fiscal year at its widest in a decade as ballooning trade imbalances coincide with a decline in foreign investment, a Reuters poll found.

Reserve Bank Governor Shaktikanta Das today exuded confidence that India's current account deficit (CAD), a key external sector indicator, is likely to remain moderate in the January-March quarter of 2022-23.

Pakistan's current account deficit (CAD) dropped to $0.2 billion in January 2023, down 90% from last year as the rupee's depreciation slowed down imports, the central bank said on Monday.

Shaktikanta Das said services exports rose 24.9 per cent year-on-year in the third quarter of 2022-23, driven by software, business and travel services.

The country's current account deficit (CAD) widened to 4.4 per cent of the GDP in the quarter ended September from 2.2 per cent in April-June due to higher trade gap, as per latest data of the Reserve Bank of India.

The country's current account deficit widened to 4.4 per cent of the GDP in the quarter ending September, from 2.2 per cent of the GDP during the April-June period due to a higher trade gap, according to the latest Reserve Bank data.

Underlying the current account deficit in July-September 2022-23 was the widening of the merchandise trade deficit to $83.5 billion from $63 billion in first quarter of 2022-23.

Falling exports and high crude prices are set to push up current account deficit (CAD) in the second quarter to a 37-quarter high of 4.4 per cent of GDP.

India's high fiscal and current account deficit challenges assume significance in the changed scenario of higher global interest rates, said a report.

State Bank of India has pencilled in lower current account deficit at 3 per cent for this fiscal as against the minimum consensus of 3.5 per cent, citing rising software exports, remittances and a likely USD 5-billion jump in forex reserves via swap deals.

India's current account deficit, a key indicator of the balance of payment position, widened to 2.8 per cent of GDP at USD 23.9 billion in the first quarter of the current financial year, mainly on account of a higher trade deficit.

Current account deficit likely widened to its highest in nearly a decade in the April-June quarter.

The overall foreign exchange reserves will deplete further this year due to a ballooning current account deficit and interventions by the central bank to support the rupee, Deutsche Bank said on Wednesday.

Standard Chartered on Wednesday raised its estimate of India's current account deficit (CAD) as a share of the gross domestic product for 2023, citing higher commodity prices and chances of an export slowdown.

Brokerage Nomura expectscurrent account deficit (CAD) as a share of the gross domestic product to triple this fiscal year, saying that a global economic slowdown will further skew the country's trade imbalances.

The current account deficit deteriorated sharply in the last quarter and is expected to end the fiscal year at its widest in a decade as ballooning trade imbalances coincide with a decline in foreign investment, a Reuters poll found.