Current Account Deficit

Government's fiscal deficit stood at 36.3 per cent of the annual budget target for the current fiscal, during the April-October 2021 period

Current account balance registered a surplus of $6.5 billion in the first quarter of the current fiscal, mainly due to contraction in trade deficit.

Reserve Bank of India said the current account balance swung into the surplus territory on the back of a sharp contraction in the trade deficit to $ 102.2 billion from $157.5 billion in 2019-20.

The deficit stood at 0.2 per cent of gross domestic product in the latest quarter, compared with a deficit of $2.6 billion, or 0.4 per cent of GDP, in the same period a year ago.

The surplus stood at 2.4 per cent of the gross domestic product in the latest quarter, compared with a deficit of $7.6 billion, or 1.1 per cent of GDP, in the same period a year ago,

India's current account surplus rose to a record $19.8 billion in April-June as its trade deficit narrowed sharply, the Reserve Bank of India said earlier.

The surplus stood at 3.9 per cent of gross domestic product (GDP) in the latest quarter, compared with a deficit of $15 billion or 2.1 per cent in the same period a year ago, RBI data showed.

Traders suspect the RBI bought dollars in May and June as the return in risk appetite and overseas investments by a dozen firms

Lower trade deficit was one of the prime reasons for the improvement in the current account balances both for the March quarter as well as for the whole fiscal year.

India's current account deficit (CAD) narrowed further in the final quarter of 2019 on the back of a contraction in the trade deficit and rise in net services receipts, the central bank said on Thursday. The CAD also declined to 0.2 per centof gross domestic product in the third quarter of the fiscal year ending this month from 2.7 per centin the y...

Trade deficit shrank to $84.3 billion in the first half of financial year 2019-20 from $95.8 billion last year, according to the RBI.

The foreign currency earned via services, income from financial assets, labour and property and current transfers are accounted under the "invisible receipts".

Saudi Arabia is the second largest country India imports oil from. If the oil prices continue to rise, it could widen India's current account deficit as every dollar rise in oil price could swell the country's import bill by approximately Rs 10,700 crore annually, about $1.49 billion.

In sum, although the CAD to GDP ratio has increased in 2018-19, the external indebtedness continues to be on a declining path.

The Reserve Bank of India said on Friday that the current account deficit was $4.6 billion, against $13.0 billion in the quarter ended March 31, 2018.

Government's fiscal deficit stood at 36.3 per cent of the annual budget target for the current fiscal, during the April-October 2021 period

Current account balance registered a surplus of $6.5 billion in the first quarter of the current fiscal, mainly due to contraction in trade deficit.

Reserve Bank of India said the current account balance swung into the surplus territory on the back of a sharp contraction in the trade deficit to $ 102.2 billion from $157.5 billion in 2019-20.

The deficit stood at 0.2 per cent of gross domestic product in the latest quarter, compared with a deficit of $2.6 billion, or 0.4 per cent of GDP, in the same period a year ago.

The surplus stood at 2.4 per cent of the gross domestic product in the latest quarter, compared with a deficit of $7.6 billion, or 1.1 per cent of GDP, in the same period a year ago,

India's current account surplus rose to a record $19.8 billion in April-June as its trade deficit narrowed sharply, the Reserve Bank of India said earlier.

The surplus stood at 3.9 per cent of gross domestic product (GDP) in the latest quarter, compared with a deficit of $15 billion or 2.1 per cent in the same period a year ago, RBI data showed.

Traders suspect the RBI bought dollars in May and June as the return in risk appetite and overseas investments by a dozen firms

Lower trade deficit was one of the prime reasons for the improvement in the current account balances both for the March quarter as well as for the whole fiscal year.

India's current account deficit (CAD) narrowed further in the final quarter of 2019 on the back of a contraction in the trade deficit and rise in net services receipts, the central bank said on Thursday. The CAD also declined to 0.2 per centof gross domestic product in the third quarter of the fiscal year ending this month from 2.7 per centin the y...

Trade deficit shrank to $84.3 billion in the first half of financial year 2019-20 from $95.8 billion last year, according to the RBI.

The foreign currency earned via services, income from financial assets, labour and property and current transfers are accounted under the "invisible receipts".

Saudi Arabia is the second largest country India imports oil from. If the oil prices continue to rise, it could widen India's current account deficit as every dollar rise in oil price could swell the country's import bill by approximately Rs 10,700 crore annually, about $1.49 billion.

In sum, although the CAD to GDP ratio has increased in 2018-19, the external indebtedness continues to be on a declining path.

The Reserve Bank of India said on Friday that the current account deficit was $4.6 billion, against $13.0 billion in the quarter ended March 31, 2018.