Current Account Deficit | The Asian Age

Thursday, Apr 18, 2024 | Last Update : 01:31 PM IST

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Finance Minister Arun Jaitley. (Photo: ANI)

Some more steps likely to narrow current account deficit, says Jaitley

Govt cut borrowing target for the current fiscal by Rs 70,000 cr and allowed oil cos to raise USD 10 bn in one year.

06 Oct 2018 11:17 AM

RBI's study of professional forecasters put the inflation at 4.5 per cent by March quarter

RBI maintains status quo; warns volatile oil prices pose risk to inflation

MPC said that the recent excise duty cuts on petrol and diesel will moderate retail inflation.

05 Oct 2018 4:31 PM

‘High oil prices will put pressure on current account deficit, rupee’

A lot of money used to come into Indian market because the difference between interest rates of India and US market were high, says Sunil Kumar Sinha.

30 Sep 2018 5:58 AM

It will also increase the price of imported as well as domestic ACs and refrigerators as customs duty on compressors has also been hiked. (Photo: File)

Govt raises import duty; ACs, flying to get costlier

The rupee touched an all-time closing low of 72.91 against the dollar on September 12.

27 Sep 2018 1:19 AM

However, before imposing curbs government is analysing how these measure will be challenged in WTO or will these be WTO compliant.

Non-essential imports to be curbed, says Garg

Centre likely to levy higher import duty on steel items.

20 Sep 2018 1:34 AM

Large trade deficit and rupee decline against the US dollar are putting pressure on the CAD.

Govt should focus on boosting exports, import curbs may not help control CAD: FIEO

Trade deficit soared to a near five-year high of USD 18 billion in July, but dipped slightly at USD 17.4 billion in August.

15 Sep 2018 3:49 PM

The government is determined to keep fiscal deficit within the budgeted level of 3.3 per cent of GDP as the country cannot afford to have a twin deficit problem, a top official said.

Govt determined to contain fiscal deficit at 3.3 per cent

The official said a depreciating rupee and high crude import bill would definitely put pressure on the country's current account deficit.

13 Sep 2018 12:49 PM

RBI has been selling dollars to arrest declining rupee, which led to decline in forex reserves from USD 426 billion in April to USD 400.10 billion at the end of August.

FinMin in touch with RBI for market intervention to contain rupee value

Decline of rupee is not secular as the Indian currency has strengthened against British Pound, Euro, Chinese Yuan and Japanese Yen.

11 Sep 2018 9:10 AM

India's current account deficit (CAD) as a percentage of GDP declined marginally to 2.4 per cent in the April-June quarter of 2018-19 against 2.5 per cent in the year-ago period, the RBI data released Friday showed.

Current account deficit eases marginally to 2.4 pc of GDP in Q1 FY2019: RBI

In value terms, the CAD was higher at USD 15.8 billion in April-June this year.

07 Sep 2018 6:15 PM

Credit rating agency Moody's Investors Service on Wednesday said there are risks of India breaching the 3.3 per cent fiscal deficit target for the current financial year as higher oil prices will add to short-term fiscal pressures. (Photo: AFP)

India may breach 3.3 pc fiscal deficit target as oil prices rise: Moody's

Moody's expects the current account deficit to widen to 2.5 per cent of GDP.

29 Aug 2018 2:58 PM

The trade deficit jumped to USD 18 billion in July 2018 on account of lukewarm export performance amidst higher import bill.

Current account deficit to hit 2.8 per cent of GDP in FY19: SBI report

The merchandise trade imbalance is also expected to rise to USD 188 billion in FY19.

27 Aug 2018 3:11 PM

Series of reforms transformed economy: Arun Jaitley

Macroeconomic outlook broadly favorable and growth forecast rising to 7.3 per cent in FY 2018-19.

27 Aug 2018 9:28 AM

Former RBI Governor Raghuram Rajan, (Photo: AP/File)

Rupee has not depreciated to a worrying level, says Rajan

The rupee on August 16 had slumped to a life-time low of 70.32 on strong demand for the US dollar.

25 Aug 2018 10:17 AM

According to it, capital flows to emerging markets (EM) could slow down as European banks retrench lending to EMs amidst heightened risk.

Weaker rupee to hit economic recovery

Likely to drain out liquidity; force RBI to keep interest rates elevated.

15 Aug 2018 4:48 AM

Goods and Services Tax (GST) rollout, growth slowed to 6.7 per cent in fiscal year 2017-18.

IMF forecasts India's GDP to grow at 7.5 per cent in 2019-20

Current account deficit is projected to widen further to 2.6 pc of GDP on rising oil prices and strong demand for imports.

09 Aug 2018 9:29 AM

China, however, saw a goods trade surplus of USD 155.9 billion in H1 2018. (Photo: File)

First time in 20 yrs, China’s imports exceed exports amid trade war with US

China has reported a current account deficit of USD 28.3 billion in the first half of this year.

08 Aug 2018 12:34 PM

India's gold imports fell 40.31 per cent to USD 2.49 billion in March.

Gold imports shrink 40 per cent to USD 2.49 billion in March

Silver imports grew by 31 per cent to USD 267.33 million in March.

13 Apr 2018 6:47 PM

India’s widening current account deficit coupled with normalisation of loose policy in developed nations and soaring crude oil prices may weaken rupee towards Rs 67/$1 in the fiscal years that begun from April 1.

Rupee may hit 67 against dollar in FY2019

Investor sentiment will be cautious, weighing on the local currency, as three major states are going to polls this year.

02 Apr 2018 12:30 PM

The capital and financial account surplus rose to $12.6 billion in the December quarter from $7.3 billion a year ago, bolstered by robust foreign portfolio inflows worth $5.3 billion during this period, the RBI said.

CAD widens on higher imports

Prasanna expects India’s CAD to stand at 2 per cent of GDP in the fiscal year ending in March 2018.

17 Mar 2018 1:41 AM

A Nomura report pegged India's current account deficit (CAD) for this financial year at around USD 40 billion, or 1.5 per cent of GDP.

India's current account deficit to be 1.5 per cent of GDP this fiscal: Nomura

CAD refers to the difference between inflow and outflow of foreign exchange that has a bearing on the exchange rate.

01 Nov 2017 3:56 PM

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Syed Ata Hasnain