The current account deficit may have widened to 3.4% of the gross domestic product in the first quarter against a surplus of 0.9% a year ago
RBI asked for mkt views on BoP, impact of 75-bps rate hike by US Fed
India's CAD stood at 1.5% of GDP in the March quarter of FY22 compared to a CAD of 2.6% of GDP in the preceding quarter of FY22
India's economy is predicted to overtake that of the US by 2048, said Patra
MPC will be guided more by domestic inflation-growth dynamics than US central bank measures, they say
RBI needs to be fourth buyer in the bond market, says senior executive
The rupee settled at 79.99 per dollar on Wednesday - a fresh closing low for the Indian unit versus the greenback
Due to global risk aversion on the back of geo-political tensions and aggressive policy tightening by the Fed, the dollar has appreciated against most currencies, including the rupee
Review released by ministry also said that global headwinds would continue to pose downside risk to growth as crude oil and edible oils, remain major imported components
If up to $50 billion is withdrawn from forex reserves to finance CAD, the country would still be able to meet nine month's imports. Any withdrawal beyond this could pose a problem
RBI said that despite the headwinds from geopolitical developments, elevated crude oil prices and tighter external financial conditions, high frequency indicators point to an ongoing recovery in sever
The current account was in deficit to the tune of $ 8.1 billion (1 per cent of GDP) a year ago (Q4 of FY21)
The number of unicorns, or new businesses valued at over $1 billion, is rising rapidly
The highest CAD was in FY13 when it crossed the 4.8 percentage points and the second high was in FY12 when it was at 4.3 per cent
The CAD is a critical indicator of the macroeconomic health and represents the gap between the overall foreign exchange expended and received in the economy.
From Forever 21 filing for bankruptcy to core sector output declining by 0.5%, here are the top 10 business headlines on Tuesday
Private transfer receipts, mainly representing remittances, rose 6.2 per cent to $19.9 billion
CAD stood at $3.4 billion in July-September of 2016, much higher than $300 million in the previous quarter
Brexit or no Brexit, India is better prepared for any turmoil this time than it was 3 years ago
For the entire FY16, CAD stood at $22.1 billion against $26.8 billion for FY15