At $0.6 bn, India records current account surplus in fourth quarter of FY20 for first time in 13 years, says RBI
The RBI data also showed the current account deficit for the October-December quarter of fiscal 2019-20 was revised to $2.6 billion or 0.4 percent of GDP from $1.4 billion earlier.
Coronavirus impact: Barclays pegs India's current account surplus at $20 bn this fiscal, first-time in 14 years
As imports continue to plunge due to the coronavirus-driven disruptions globally, India may end the current fiscal with a record surplus of about $20 billion or 70 bps of the GDP, says a report
Gold imports, which have a bearing on the country's current account deficit (CAD), fell 14.23 percent to $28.2 billion during 2019-20, according to commerce ministry data
Gold imports, which have a bearing on the country's current account deficit (CAD), fell 8.86 percent to $27 billion (about Rs 1.90 lakh crore) during April-February period of the current financial year, according to commerce ministry data
India's current account deficit narrows to $1.4 billion in December quarter as net services receipts rise
The sharp contraction was primarily due to a lower trade deficit at $34.6 billion, and a rise in net services receipts, the central bank said.
India's gold imports, which have a bearing on the current account deficit (CAD), fell about 7 percent to $20.57 billion during April-November period of the ongoing financial year, according to the commerce ministry data
Easing business climate and relaxing trade-related norms will help India attract foreign investors and improve the current account deficit situation, according to International Monetary Fund (IMF)
The government is expected to further ease the foreign direct investment (FDI) norms with a view to bridge the widening current account deficit (CAD), according to the Economic Survey 2018-19
Union Budget 2019: Fiscal deficit a key parameter to measure govt's performance, but cannot allow to grow beyond a level
Deficit differs from debt, which is an accumulation of yearly deficits. A fiscal deficit is regarded by some as a positive economic event.
New govt faces challenges of arresting slowdown, creating jobs and tackling bad loan woes of banks: Economists
After a landslide victory at the general election, Prime Minister Narendra Modi faces the immediate challenge of arresting a slowdown in the world's sixth largest economy
India's overall growth was "too much" driven by domestic demand, which resulted in double digit growth of imports, and 4-5% growth in exports
The country's current account deficit widened to 2.5 percent of GDP in the third quarter of the current fiscal from 2.1 percent a year ago, primarily on account of a higher trade deficit, the RBI said on Friday
Rupee likely to depreciate further to 78 per dollar in 2019 on widening fiscal and current account deficits: Report
According to Karvy, this is expected to be a "mixed year" for the commodities and currencies market and the rupee may depreciate further
Asian Development Bank to scale India funding to $4.5 billion in 2019, projects 7.3% growth in current fiscal
Asian Development Bank committed $3.03 billion in sovereign loans to India in 2018
Rupee tumbles 53 paise to 70.21 against US dollar on renewed concerns over widening of current account deficit
Besides, strong demand for the American currency from importers also weakened the rupee performance
Since the country is heavily dependent on oil imports to the tune of over 80 percent for meeting its domestic demand, it remains susceptible to global crude price shocks.
The CAD increased from $6.9 billion or 1.1 percent of GDP in the second quarter of 2017-18.
Current account deficit may widen to 3% in September quarter on higher crude prices, gold imports: ICRA
India's current account deficit is likely to rise to 3 percent of GDP in the July-September quarter of current fiscal, from 2.4 percent in the preceding quarter, driven mainly by high crude oil prices, ICRA said
CAD may narrow to 2.6% of GDP in FY19 on falling crude; direct tax collections likely to be higher: SBI report
Total receipts for the six months period is Rs 7.09 lakh crore (39 percent of BE) and the total expenditure is estimated at Rs 13.04 lakh crore (53.4 percent of BE).
On a month-on-month basis, foreign portfolio investors were net buyers of equities worth $330 million in July and $260 million in August. However, they turned net sellers of $1.49 billion in September.