India's CAD

Today's opinion page takes a closer look at the RDI scheme, India's R&D lapses, the current account deficit, and whether the RBI's changes to project finance are a good idea in the long run

While the rupee touched a low of 84.7350 during the session, mild dollar sales from state-run banks helped avoid further losses, traders said

Services exports grew due to rising software exports, business and travel services

RBI says widening due to higher trade deficit, lower surplus in net services and decline in private transfer receipts

JPMorgan, this week, has sought views from the investors on whether it should include India's sovereign bonds in its GBI-EM Global Diversified Bond Index or not

RBI needs to be fourth buyer in the bond market, says senior executive

The rupee losses on Friday were, however, limited by dollar sales by exporters, who felt that the domestic unit may not fall much further, given the sharp depreciation seen this week

However, current account deficit won't be unmanageable as was the case in 2011-13, say experts

These decisions were taken at a meeting chaired by Prime Minister Narendra Modi to review the state of the economy

Rupee last week dropped to a record low of 70.32 to a US dollar as political turmoil in Turkey

With rising oil prices, depreciating rupee and outflow of portfolio investments, there are concerns that CAD might rise in the current fiscal

CAD widened from $3.4 billion or 0.6% of GDP in the January-March quarter