 "RBI comfortable with CAD position currently, says Rajan")
The Reserve Bank of India (RBI) is comfortable with the current account deficit even after it widened in the July-September quarter, Governor Raghuram Rajan said on Thursday.
Still, Rajan, speaking at a news conference after the central bank’s board meeting, said risks remain to the current account deficit even though he was not apprehensive about it.
India’s current account deficit widened to 2.1 percent of gross domestic product in the July-September quarter, higher than both the previous quarter and a year earlier, the RBI said on Monday.
Turning to the economy, Rajan said an interest rate cut won’t by itself lead to higher economic growth, although he noted it would have an impact.
Rajan also noted the central bank was in discussions with the government about reviewing priority sector lending norms for foreign banks operating in India, the governor said.
Turning to limits on foreign investments in government bonds, Rajan said it would look at raising the limit at an appropriate time, and would look at expanding it steadily.
Reuters
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
