Tag: current account deficit
Indian economy well placed to handle any kind of spillovers from global events: RBI Guv
Kochi: Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said that the Indian economy and financial sector are well placed to handle any…
India’s gold imports jump 21.78 pc to USD 27 bn in Apr-Sep
The country’s gold imports, which have a bearing on the country’s current account deficit (CAD), rose by 21.78 per cent to USD 27 billion during…
RBI unlikely to go for immediate rate cut, despite inflation likely to cool: Ind-Ra
In a cautious outlook for the upcoming fiscal year, India Ratings and Research (Ind-Ra) projects a decline in inflation for FY25, yet it emphasizes that…
BofA sees India’s forex pile reaching $745 billion in March 2026
India’s foreign-exchange reserves will likely rise to $745 billion by March 2026, giving the central bank more potential firepower to influence the rupee, according to…
CAD widens marginally on widening trade deficit
India’s current account deficit widened marginally to 1.1 percent of GDP in the June quarter compared to 1 percent of GDP in the same period…
India’s current account deficit gap widens in April-June: RBI
India’s current account deficit widened on-year in the April-June quarter, largely due to a higher merchandise trade deficit, the central bank said on Monday. The…
current account deficit: India moves to current account deficit of $9.7 bn in Q1FY25 from surplus in previous quarter
India’s current account deficit (CAD) widened marginally to $9.7 billion (1.1 per cent of GDP) in Q1 FY2024-25 from $8.9 billion (1.0 per cent of…
India growth forecast: ADB retains India’s growth forecast at 7%; govt spending, agriculture to boost economy
The Asian Development Bank (ADB) on Wednesday retained India’s growth forecast for the current fiscal at 7 per cent and said that the economy is…
Government notifies 160 tons of gold import from UAE at concessional rate this fiscal under trade pact
The government has notified the import of up to 160 tonnes of gold by manufacturers and traders from the UAE at a concessional rate for…
CAD to be higher in FY’25 on higher domestic demand and global prices
India’s strong economic growth at a time when the global economy is not doing too well could have an impact on its current account deficit….