India Current Account Deficit News
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India's Current Account Turns Surplus After Deficit In Last Quarter: Report
India has recorded an improvement in its current account, achieving a surplus of $5.7 billion, which equates to 0.6 per cent of its gross domestic product (GDP) in the fourth quarter of fiscal year 2024, according to a recent report by CRISIL.
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Too Premature To Shift RBI Policy Stance; Any Form Of Adventurism Has To Be Shunned: Shaktikanta Das
The Reserve Bank of India's Governor Shaktikanta Das emphasized caution in changing monetary policy, citing premature conditions for adjustment.
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Current Account Deficit To Remain Moderate, Eminently Manageable: RBI Governor
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.
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Current Account Deficit To Moderate In Second Half Of 2022-23: RBI Governor
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.
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Rupee Could Remain Under Depreciation Pressure Due To Widening CAD: Economic Survey
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.
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Current Account Deficit Grows To 4.4% Of GDP In September Quarter
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.
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India's Current Account Deficit Predicted To Widen To Over An 8-Year High In Q2: Report
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.
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What India's Widening Deficits Mean For Growth Amid Higher Global Interest Rates
India's high fiscal and current account deficit challenges assume significance in the changed scenario of higher global interest rates, said a report.
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Current Account Deficit Likely To Be Lower At 3% This Fiscal: SBI 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.
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Current Account Deficit Widens To 2.8% Of GDP In Q1 Of 2022-23: RBI
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.
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High Commodity Prices To Keep Rupee Under Pressure: BofA Securities
Elevated commodity prices could widen India's current account deficit, keeping the rupee under pressure until more sustainable capital flows can fill the gap, BofA Securities said in a note on Wednesday.
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Current Account Deficit Expected To Decline In 2022-23 On Costlier Import
India's current account deficit is expected to deteriorate in the current fiscal on account of costlier imports and tepid merchandise exports, according to the Finance Ministry's monthly economic review.
-
Worst Not Over For Rupee, May Hit 80 Per Dollar Soon: Report
India's rupee will trade near its historic low in three months, battered by widening trade and current account deficits, according to a Reuters poll where nearly one in three analysts expected it to weaken to 80 per dollar by September.
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India Inflation May Cool Down Over Recession In Advanced Economies
Recessions in advanced economies may benefit India in a "perverse way" as a moderation in global commodities prices will help cool domestic inflation
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Current Account Deficit Eases To $13.4 Billion, Before Ukraine War Pass Through
India's current account deficit narrowed sequentially in the three months from January to March
-
India's Current Account Turns Surplus After Deficit In Last Quarter: Report
India has recorded an improvement in its current account, achieving a surplus of $5.7 billion, which equates to 0.6 per cent of its gross domestic product (GDP) in the fourth quarter of fiscal year 2024, according to a recent report by CRISIL.
-
Too Premature To Shift RBI Policy Stance; Any Form Of Adventurism Has To Be Shunned: Shaktikanta Das
The Reserve Bank of India's Governor Shaktikanta Das emphasized caution in changing monetary policy, citing premature conditions for adjustment.
-
Current Account Deficit To Remain Moderate, Eminently Manageable: RBI Governor
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.
-
Current Account Deficit To Moderate In Second Half Of 2022-23: RBI Governor
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.
-
Rupee Could Remain Under Depreciation Pressure Due To Widening CAD: Economic Survey
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.
-
Current Account Deficit Grows To 4.4% Of GDP In September Quarter
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.
-
India's Current Account Deficit Predicted To Widen To Over An 8-Year High In Q2: Report
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.
-
What India's Widening Deficits Mean For Growth Amid Higher Global Interest Rates
India's high fiscal and current account deficit challenges assume significance in the changed scenario of higher global interest rates, said a report.
-
Current Account Deficit Likely To Be Lower At 3% This Fiscal: SBI 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.
-
Current Account Deficit Widens To 2.8% Of GDP In Q1 Of 2022-23: RBI
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.
-
High Commodity Prices To Keep Rupee Under Pressure: BofA Securities
Elevated commodity prices could widen India's current account deficit, keeping the rupee under pressure until more sustainable capital flows can fill the gap, BofA Securities said in a note on Wednesday.
-
Current Account Deficit Expected To Decline In 2022-23 On Costlier Import
India's current account deficit is expected to deteriorate in the current fiscal on account of costlier imports and tepid merchandise exports, according to the Finance Ministry's monthly economic review.
-
Worst Not Over For Rupee, May Hit 80 Per Dollar Soon: Report
India's rupee will trade near its historic low in three months, battered by widening trade and current account deficits, according to a Reuters poll where nearly one in three analysts expected it to weaken to 80 per dollar by September.
-
India Inflation May Cool Down Over Recession In Advanced Economies
Recessions in advanced economies may benefit India in a "perverse way" as a moderation in global commodities prices will help cool domestic inflation
-
Current Account Deficit Eases To $13.4 Billion, Before Ukraine War Pass Through
India's current account deficit narrowed sequentially in the three months from January to March
