Articles
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CAD worries: RBI puts restrictions on gold imports by banks
"To moderate the demand for gold for domestic use, it has been decided to restrict the import of gold on consignment basis by banks, only to meet the genuine needs of exporters of gold jewellery," the RBI said in a statement. #WhyNow #RBI #Current Account Deficit #Gold Import
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RBI's new headache: Huge gold shopping spree heightens CAD worries
A 138 percent jump in gold imports in April heightened worries about India's current account deficit, offsetting any comfort policymakers took from slowing inflation and limiting space for monetary easing to help revive a moribund economy. #HowThisWorks #Inflation #RBI #Current Account Deficit #Trade Deficit #Gold Import
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April trade deficit jumps to $17.8 bn on huge gold imports
India's April trade deficit leapt to $17.8 billion, a trade ministry official said, on a massive surge in imports of cheaper gold that will increase concerns about the current account deficit in the country. #Economy #Business #NewsTracker #Current Account Deficit #Trade Deficit #gold imports
Blog posts
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Dont rejoice just yet. Falling gold prices may not reduce CAD
High price sensitivity of demand may actually increase Indians� demand for gold and eventually end up with little or no impact on the CAD. #Inflation #Economy #Gold #RBI #Current Account Deficit #ExpertView #gold imports #policy
Wire
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The Jakarta PostBOP swings into deficit on capital outflow
Indonesia posted a staggering US$6.6 billion deficit in its balance of payments (BOP) in the first quarter this year on the back of low global demand and a surge in capital outflow, Bank Indonesia (BI) said on Wednesday. “Inflationary pressure has caused #Europe
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Hurriet Daily NewsA relief for current account deficit: foreign exchange in service sector
Turkey’s current account deficit, which broke a record by reaching 75 billion dollars in 2011, did not stay below 47.5 billion dollars even in 2012, when the growth rate was only 2 percent. Especially when the “gold effect” – showing debts paid in gold t #Turkey #Iran #International Monetary Fund
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U.S. News & World ReportCBO Finds Smallest Deficit Since 2008
The Congressional Budget Office (CBO) and its director Douglas Elmendorf found that the budget deficit is less than half of what it was in 2009. The deficit will shrink this year to $642 billion, according to estimates released Tuesday by the Congression #Congressional Budget Office #Freddie Mac #Fannie Mae