Balance Of-payments

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Balance Of-payments - Total results - 19
Current account deficit narrows to 0.9% of GDP in July-September quarter on lower trade deficit: RBI
Business

Current account deficit narrows to 0.9% of GDP in July-September quarter on lower trade deficit: RBI

In the first half of the current fiscal, the CAD narrowed to 1.5 percent of GDP from 2.6 percent in the same period in FY2018-19 on the back of a reduction in the trade deficit.

Foreign direct investments during Apr-Sep 2018 fell 11% to $22.66 bn: Commerce ministry data
Business

Foreign direct investments during Apr-Sep 2018 fell 11% to $22.66 bn: Commerce ministry data

A decline in foreign inflows could put pressure on the country's balance of payments and may also impact the value of the rupee

CAD widens to 2.9% of GDP during Q2 on large trade deficit; net services receipts increase by 10.2%
Business

CAD widens to 2.9% of GDP during Q2 on large trade deficit; net services receipts increase by 10.2%

The CAD increased from $6.9 billion or 1.1 percent of GDP in the second quarter of 2017-18.

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

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
Business

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
Business

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
Business

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
Business

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
Business

February services export drops nearly 13% to $12.3 bn

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

Import curbs only helped gold smuggling; so reversal will have no impact on CAD
Economy

Import curbs only helped gold smuggling; so reversal will have no impact on CAD

Shifting between smuggling and legal imports makes no difference to the current account deficit. Ergo, removing the restriction will make no difference to the current account deficit

Govt should restrict gold imports by all means. Here's why
Economy

Govt should restrict gold imports by all means. Here's why

Rather than be caught on the back foot, it does make sense to tackle this issue through multiple measures to ensure that the external count remains stable

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

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
Economy

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.

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

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.

Healthy balance of payment needed to achieve growth target: Prez
Economy

Healthy balance of payment needed to achieve growth target: Prez

The government will have to take corrective measures to maintain healthy balance of payment in order to achieve the economic growth targets of the 12th Plan period (2012-17), President Pranab Mukherjee said today.

FDI inflows jump over two-fold to $4.67 bn in Sept
Economy

FDI inflows jump over two-fold to $4.67 bn in Sept

For the April-September 2012 period, India received maximum FDI from Mauritius ($6.25 billion), Japan ($ 1.32 billion), Singapore ($1.12 billion) the Netherlands ($ 968 million) and the UK ($592 million).

Slowdown fears: FDI declines by over 65% in Apr-June
Economy

Slowdown fears: FDI declines by over 65% in Apr-June

Foreign Direct Investment (FDI) in the country declined by over 65 percent to $4.64 billion during April-June 2012-13 year-on-year amid global economic slowdown.

RBI cannot rescue rupee, want to know what will?
Economy

RBI cannot rescue rupee, want to know what will?

Despite the Finance Minister deferring GAAR by a year and the central bank's surprise open market operation purchase auction of bonds for Rs 12,000 crore on Monday, the rupee today slipped back to 53 against the dollar

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

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.