Balance Of Payments

Govt may not further hike import duty on non-essential items; could take other measures to arrest impact of Re slide

The government had, effective 27 September, doubled duties on import of 19 items, including air conditioners, household refrigerators and washing machines (less than 10 kg), to 20 percent.

Rupee to hit 73 by March 2019; fiscal deficit to reach 6.5% in FY19 on shortfalls in GST collection and divestments: UBS

A country's external balances are one of the key factors influencing the currency and weakness in it has led to a 12 percent depreciation in the rupee till now, it said

CAD eases marginally to 2.4% of GDP in Apr-Jun quarter of current fiscal, shows RBI data

In value terms, the CAD was higher at $15.8 billion in April-June this year as against $15 billion in the same quarter of 2017-18 mainly due to a higher trade deficit.

Current account deficit narrows to $300 million in Q1 on massive import contraction

The current account deficit (CAD) narrowed sharply to just USD 300 million, or 0.1 per cent of GDP, in the June quarter, driven by lower trade deficit on deeper import contraction, the Reserve Bank said today.

India's current account deficit narrows sharply to $0.3 bn on lower trade deficit

India's current account deficit (CAD) narrowed sharply to USD 0.3 billion, or 0.1 per cent of GDP, in the fourth quarter of 2015-16 from USD 7.1 billion, or 1.3 per cent, in third quarter, on account of lower trade gap.

February services export drops nearly 13% to $12.3 bn

In February 2015, the services export was at $14.09 billion

CAD troubles: Why India is the weakest link in 'hot money' mine

India is emerging Asia's canary in the 'hot money' mine. As financial markets sell off on concerns over rising U.S. rates, what happens in India, an economy with slowing growth and a heavy dependence on foreign money, could well determine if this is merely a short-term rout or a full-blown cris

Gold price crash to help improve BoP position, says Rangarajan

Sharp decline gold prices will have favourable impact on the economy especially the high current account deficit (CAD) and the overall Balance of Payment (BoP) position, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan has said.

We need the money: Why govt wants to curb gold imports

The budget proposals to curb gold imports is aimed at correcting the BoP deficit.

India's services exports in Dec at $12.88 bn: RBI

India's services exports in December 2012 stood at $12.88 billion, up 7.1 percent from a month ago, Reserve Bank data showed today.