But on a sequential basis CAD higher than the $0.3 bn in April-June
Gold imports rose to $3.5 billion from $1.8 billion last month as jewellery demand increased in the festive season
Contraction due to lower trade deficit; balance of payments stays positive
FY16 CAD at 1.1% of GDP as against 1.8% in FY15; outlook for rupee improves
FY16 CAD at 1.1% of GDP as against 1.8% in FY15; outlook for rupee improves
Five things the Department of Commerce could do to reverse the slide in India's exports
Contraction primarily on account of a lower trade deficit, says RBI