India's current account deficit widens by 2.8% of GDP in April-June period of FY23: RBI
India`s current account balance recorded a deficit of $23.9 billion (2.8 per cent of GDP) in Q1:2022-23, up from US$ 13.4 billion (1.5% of GDP) in Q4:2021-221 and a surplus of $6.6 billion (0.9% of GDP) a year ago [i.e., Q1:2021-22], the RBI said in a statement.
Sep 30, 2022, 08:57 AM IST
India's CAD is expected to widen to 2.8% of GDP this fiscal: Report
With rising oil prices, depreciating rupee and outflow of portfolio investments, there are concerns that CAD might rise in the current fiscal.
Aug 20, 2018, 11:44 AM IST
India's current account deficit at 4-year high, widens sharply to 2.4% in April-June quarter
The widening of the CAD on a year-on-year basis was primarily on account of a higher trade deficit which stood at USD 41.2 billion, brought about by a larger increase in merchandise imports relative to exports.
Sep 15, 2017, 18:14 PM IST
Current account deficit may widen to 3% in Apr-Jun: Nomura
The report said despite the wider current account deficit, financing is not a concern.
Sep 07, 2017, 19:36 PM IST
India's current account deficit to widen to 1.3% of GDP in 2017: Nomura
India's current account deficit (CAD) is likely to widen to 1.3 percent of GDP in 2017 from 0.6 percent in 2016, largely owing to stronger domestic growth in the second half of this year, says a Nomura report.
Jul 18, 2017, 13:26 PM IST
Gold imports shrink 13.5% to $27.4 billion in FY17
India's gold imports declined by about 13.5 percent to USD 27.4 billion in 2016-17, which is expected to keep a lid on the current account deficit.
May 30, 2017, 18:40 PM IST
India's current account deficit widens to 1.4% of GDP in October-December quarter
The current account deficit (CAD) widened to USD7.9 billion or 1.4 percent of GDP in the October-December quarter on account of higher trade deficit.
Mar 23, 2017, 18:29 PM IST
Govt mobilises 6.4 tonnes gold under monetisation scheme
The government has collected 6.4 tonnes of gold under the scheme for monetising the metal, Parliament was informed on Friday.
Mar 10, 2017, 19:32 PM IST
India's current account deficit to stay at $10.1 billion in FY17: Citigroup
India's current account deficit is expected to stay comfortable at USD 10.1 billion in this financial year, largely on account of likely demand moderation post the demonetisation move, says a Citigroup report.
Nov 17, 2016, 16:36 PM IST
India's Q1 current account deficit narrows to 0.1% of GDP
India’s current account deficit (CAD) narrowed to USD 0.3 billion, or 0.1 percent of GDP, in the first quarter of 2016-17 on account of lower trade gap.
Sep 21, 2016, 17:58 PM IST
Ind-Ra lowers FY17 CAD estimate to 1.3-1.5%
India Ratings and Research has revised its FY17 estimate for the country's current account deficit (CAD) to 1.3-1.5 percent of GDP from 1.2 percent due to lower remittances and lower software earnings in fourth quarter for the current fiscal.
Jun 17, 2016, 19:16 PM IST
Lower CAD a healthy sign, will meet macro data target: Lavasa
Buoyed by the current account nearing surplus for the first time in nine years, the government on Friday said reduction in CAD is a sign of economic health and it is committed to sticking to its targets.
Jun 17, 2016, 17:38 PM IST
CAD to widen to 1.6% of GDP in 2016-17 on demand push: Nomura
India's current account deficit is likely to widen to 1.6 percent of GDP this fiscal, driven by pick-up in domestic demand on the back of better a monsoon and upcoming pay hikes, says a Nomura report.
May 16, 2016, 15:49 PM IST
India less susceptible to external shocks, credit positive: Moody's
Low commodity prices and better FDI inflows have reduced India's vulnerability to external shocks which is "credit positive" for India, Moody's Investors Service said on Thursday.
Apr 07, 2016, 09:45 AM IST
CAD may narrow to 0.7% of GDP in FY16, says Nomura
India's current account deficit is likely to narrow to 0.7 percent of the GDP in fiscal 2016 from 1.3 percent in FY15 largely owing to low commodity prices, a Nomura report said Wednesday.
Mar 16, 2016, 13:22 PM IST
BSE Sensex rebounds 260 points, Nifty recaptures 7,800-mark
The NSE Nifty retook the 7,800-level by recovering 79.85 points at 7,865.95.
Dec 23, 2015, 16:01 PM IST
India's current account deficit narrows to 1.6% of GDP in July-Sept
The July-September CAD is lower than USD 10.9 billion, or 2.2 percent of GDP, in the same quarter of last fiscal.
Dec 22, 2015, 18:39 PM IST
India’s Q2 balance of payments: All you should know
The contraction in CAD was primarily on account of lower trade deficit.
Dec 22, 2015, 18:28 PM IST
India's current account deficit to be 1% of GDP in FY'16: Citi
India's current account deficit (CAD) is likely to be about 1 percent of the GDP in the current fiscal because of low crude prices and contained gold imports, says a Citigroup report.
Nov 17, 2015, 14:08 PM IST
Gold imports jump 62.2% to $2.96 billion in July
After declining in June, Gold imports jumped 62.2 percent to USD 2.96 billion last month, a development which will have adverse bearing on India's current account deficit (CAD).
Aug 14, 2015, 20:34 PM IST
