Page 9 - Current Account Deficit

Current account deficit shrinks to 0.9% of GDP in July-Sept quarter: RBI

Foreign portfolio investment recorded net inflow of $2.5 billion, against an outflow of $1.6 billion in the year-ago quarter, due to higher flow in the debt market.

CAD narrows to 0.9% of GDP in July-Sept on lower trade deficit: RBI

In the first quarter, the deficit stood at 2 per cent of GDP or $14.2 billion

India's current account deficit narrows to 2% of GDP in June quarter

Private transfer receipts, mainly representing remittances, rose 6.2 per cent to $19.9 billion

Despite soaring gold import, lower crude narrows CAD to 2% in Q1

In the year-ago period, CAD had printed at 2.3 percent of GDP or USD 15.8 billion

Current account maybe impacted if oil crisis continues: Shaktikanta Das

Drone attack damaged the world's biggest crude oil processing plant in Saudi Arabia and led to a 19 per cent surge in oil prices.

Exports contract 6% in August, trade deficit narrows to $13.45 billion

The current account deficit is likely to decline substantially to $10-11 billion in the second quarter

Budget numbers indeed look challenging to achieve: DSP MF's Saurabh Bhatia

Whilst the noise on feasibility of budget numbers and risks on sovereign borrowing would persist in the near term, the budget outcome has certainly eased the job for RBI MPC to ease rates further

India's current account deficit narrows sharply to 0.7% of GDP in Q4

In absolute terms, the CAD stood at $4.6 billion in the current fourth quarter, compared with $13 billion in the year-ago quarter and $17.7 billion in the third quarter of fiscal year 2018-19

CAD increases to 2.1% of GDP in FY19; but more than halves in Q4

Overall trade performance was the prime influencer for both the contraction in CAD for the March quarter as well as a widening for the full year

CAD widens to 2.5% of GDP in Q3 on account of a higher trade deficit

In absolute terms, the CAD was $16.9 billion in the October-December 2018 period, up from $13.7 billion in the year-ago period

Govt pegs FY19 current account deficit at 2% of GDP on slide in oil prices

Rating agencies and research firms have so far said the FY19 CAD would be much higher than 2017-18, which was 1.9 per cent of GDP

July-Sept current account deficit at 4-year high on rising oil prices: RBI

India's trade deficit in July-September widened to $50 billion from $32.5 billion a year ago

How to import-save efficiently

It is feasible for India to correct its chronic current account deficit without compromising on efficiency. It desperately needs to be competitive, at the policy and firm level

CAD may narrow to 2.6% of GDP in FY19 on falling oil prices, says report

The report earlier stated that CAD may touch 2.8% of GDP in the current financial year

Non-essential items unlikely to see more import duty hikes: Officials

Earlier in the day, a finance ministry official had said more steps will be taken to check CAD and hoped that the rupee would appreciate

Govt looking to amend FEMA to cut costs associated with remittances

Move among a series of measures to control CAD

India mulls more import curbs to shore up rupee, curb a ballooning CAD

PM Narendra Modi is said to meet officials on trade deficit on Thursday

Besides import curb, farm exports to China key to India cutting deficit

Expanding agricultural exports such as soybeans and cotton to China by exploiting opportunities from a global trade war will help cut the deficit

Rupee-renminbi trade on cards to reduce deficit and strengthen rupee

The trade deficit has widened to more than $80 billion in the first five months of FY19 as the value of the rupee has nosedived

To counter widening CAD, govt focuses on computer services, tech export

Monday's meet on boosting exports also called for slashing imports