Current Account Deficit

Current Account Surplus At Record High In June Quarter: RBI Data

Business | Reuters | Wednesday September 30, 2020

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.

Here's Why Little Uptick In Rupee Is Expected Despite Multiple Positives

Business | Reuters | Wednesday July 8, 2020

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

Current Account Deficit Shrinks Sharply In Last October-December Quarter

Business | Reuters | Thursday March 12, 2020

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...

Current Account Deficit Narrows To 0.9% Of GDP In September Quarter

Business | Press Trust of India | Tuesday December 31, 2019

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.

Current Account Deficit Narrows To $14.3 Billion In April-June

Business | Indo-Asian News Service | Monday September 30, 2019

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

Saudi Arabia Shockwaves Rattle Indian Markets

Business | Written by Purva Chitnis | Tuesday September 17, 2019

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.

Current Account Deficit Within Manageable Level: Economic Survey

Business | Asian News International | Thursday July 4, 2019

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

Current Account Deficit Narrows To $4.6 Billion In January-March

Business | Thomson Reuters | Saturday June 29, 2019

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.

Current Account Deficit Widens To $16.9 Billion In October-December

Business | Thomson Reuters | Friday March 29, 2019

Stable oil prices are also expected to ease the current account deficit in future and boost the rupee exchange rate, which was one of the worst performers in Asia in 2018 dented by a surge in oil prices.

Rupee Breaks Two-Day Gain To Slip Below 70 Mark Against Dollar: 10 Things To Know

Business | NDTV Profit Team | Tuesday January 8, 2019

The rupee declined by 53 paise, or 0.8 per cent, to close at 70.21 against the dollar on Tuesday. That marked the first lower closing for the rupee against the greenback after two days of appreciation. Concerns on the widening of current account deficit on rising crude oil prices pulled the rupee lower, say analysts. Strength in the dollar against ...

Rupee Logs Strongest Single-Day Jump In Over 5 Years: 10 Points

Business | NDTV Profit Team | Wednesday December 19, 2018

The rupee jumped by 112 paise against the dollar on Tuesday, marking its strongest single-day gain against the greenback in more than five years. The rupee also logged its highest closing level since November 30. A sharp fall in oil prices, easing concerns on the current account deficit front, and weakness in the dollar overseas boosted the rupee, ...

Current Account Deficit Hits Four-Year High In July-September On Oil Price Rise

Business | Thomson Reuters | Friday December 7, 2018

Oil prices have slumped by more than 30% since early October, pressured by concerns supply will exceed demand in 2019 as economic growth slows.

Low Crude Prices To Limit Rise In Current Account Deficit: Report

Business | Indo-Asian News Service | Friday November 23, 2018

"The recent decline in oil prices might compress the CAD by around $5 billion-$6 billion from our estimates of $78 bn in current fiscal," said SBI Ecowrap.

Rupee Gets A Lift-Off On Falling Oil Prices, Fund Flows: 10 Points

Business | NDTV Profit Team | Thursday November 15, 2018

The rupee gained 24 paise to 72.07 against the US dollar in early trade on Thursday amid falling crude oil prices and fresh foreign fund inflows, reported news agency Press Trust of India (PTI). The rupee, which has been Asia's worst-performing currency so far this year, gained as the dollar weakened against other currencies overseas, traders were ...

Rupee Appreciates To 72-Level Against Dollar: 10 Things To Know

Business | NDTV Profit Team | Wednesday November 14, 2018

Indian Rupee Vs Dollar: After opening higher at 72.18 - its strongest level since September 21 - the rupee appreciated further by 67 paise against the US dollar in early trade on Wednesday, reported news agencies Press Trust of India (PTI) and Reuters. Rupee's gains came amid a collapse in crude oil prices which dropped to one-year lows. Besides, t...