Current account deficit drops to $5.5bn
| Current account deficit drops to $5.5bn |
| BS Reporter / Mumbai December 31, 2007 |
| The current account deficit in the quarter ended September 30, 2007 narrowed to $5.5 billion from $6.3 billion a year earlier. A near doubling of remittances by non-resident Indians (NRIs) kept the current account deficit in check despite a widening of trade deficit. The country |
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First Published: Dec 31 2007 | 5:18 PM IST