Current Account-deficit

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Current Account-deficit - Total results - 222
Rupee may trade at 69.79 per dollar in second half if Reserve Bank of India mops up $30 billion from NRIs
Business

Rupee may trade at 69.79 per dollar in second half if Reserve Bank of India mops up $30 billion from NRIs

The rupee is the worst-performing emerging market currency losing over 15 percent year-to-date

Rupee zooms 55 paise to close at 73.57 against US dollar; marks biggest jump in over three weeks
Business

Rupee zooms 55 paise to close at 73.57 against US dollar; marks biggest jump in over three weeks

Rising for the third straight day, the rupee strengthened by 55 paise to settle at 73.57 against the US dollar on Friday, marking its biggest gain in over three weeks as global crude prices eased and domestic indices staged a smart rebound

Duty hike will raise import costs, add to industry's financial woes: Telecom operators' lobby group
Business

Duty hike will raise import costs, add to industry's financial woes: Telecom operators' lobby group

The government on Thursday hiked the import duty on certain communication items, including base stations, to up to 20 percent as part of efforts to check a widening current account deficit by curbing imports.

Stock market and rupee slump due to external factors; govt to take action at appropriate time: Finance ministry official
Business

Stock market and rupee slump due to external factors; govt to take action at appropriate time: Finance ministry official

Attributing the slump in stock and currency markets to external factors, a finance ministry official on Thursday said more steps will be taken to check current account deficit (CAD) and hoped that the rupee would appreciate.

Rupee slumps 33 paise to close at record low of 74.39 against US dollar on unabated foreign fund outflows
Business

Rupee slumps 33 paise to close at record low of 74.39 against US dollar on unabated foreign fund outflows

The rupee slumped by 33 paise to finish at a fresh lifetime low of 74.39 against the US dollar on Tuesday on high crude oil prices, strengthening of the greenback and unabated foreign fund outflows.

RBI to raise policy rates by 25 bps in first quarter of 2019; inflation, rupee depreciation to blame: Goldman Sachs report
Business

RBI to raise policy rates by 25 bps in first quarter of 2019; inflation, rupee depreciation to blame: Goldman Sachs report

Besides the prediction of a 25 bps rate hike in the first quarter, Goldman Sachs said RBI is expected to hike policy rates by 25 bps each in the second, third and fourth quarter of 2019.

Rupee hits new low of 74.13, plunges 55 paise against US dollar on capital outflows, surging oil prices
Business

Rupee hits new low of 74.13, plunges 55 paise against US dollar on capital outflows, surging oil prices

The Indian rupee on Friday crashed below the 74-level against the US dollar for the first time ever after the Reserve Bank kept its key policy rate unchanged.

Petrol, diesel excise cut: Fiscal stress staring at India; can Centre, states have the guts to tackle it?
Business

Petrol, diesel excise cut: Fiscal stress staring at India; can Centre, states have the guts to tackle it?

Post the petrol, diesel, excise cut, how the Centre manages to stick to the fiscal deficit target of 3.3 percent is going to be interesting to watch

Rupee crashes below record 73-mark, ends lower by 43 paise against US currency as oil prices spike
Business

Rupee crashes below record 73-mark, ends lower by 43 paise against US currency as oil prices spike

In the day trade, the rupee crashed to its all-time low of 73.42 per dollar as crude oil prices breached the $85 per barrel mark, leading to huge outflows of cash.

Jet Airways shares tank 5% as company delays part payment of August salaries to pilots and senior management
Business

Jet Airways shares tank 5% as company delays part payment of August salaries to pilots and senior management

Jet Airways has told its pilots, aircraft maintenance engineers and senior management team that part of their August salaries will be paid by 9 October

Sensex extends losses, down 218 points to 36,324.17 on US Fed rate hike, F&O expiry; Nifty closes below 11,000
Business

Sensex extends losses, down 218 points to 36,324.17 on US Fed rate hike, F&O expiry; Nifty closes below 11,000

Benchmark indices Sensex and Nifty fell for the second consecutive session on Thursday after the US Fed hiked interest rates and struck a hawkish stance amid rising crude oil prices

Govt hikes customs duty on 19 items: Import curbs not to have major impact on widening current account deficit
Business

Govt hikes customs duty on 19 items: Import curbs not to have major impact on widening current account deficit

The move to penalize imports of “non-essential” items may not be enough for India’s external trade woes to be addressed since external factors and rising oil prices are likely to continue to exert pressure

Govt to soon announce import curb on several non-essential items, says economic affairs secretary Subhash Chandra Garg
Business

Govt to soon announce import curb on several non-essential items, says economic affairs secretary Subhash Chandra Garg

Last week, Finance Minister Arun Jaitley announced the government's decision to relax norms for raising overseas borrowing and impose restrictions on the non-essential imports as part of efforts to check rising current account deficit (CAD) and a falling rupee.

Narendra Modi could host meeting this weekend to review state of economy; may take stock of rupee, fuel price crises
Business

Narendra Modi could host meeting this weekend to review state of economy; may take stock of rupee, fuel price crises

Opposition parties led by Congress have made spiralling fuel prices and plummeting rupee a political issue and questioned the efficacy of the government's economic policies.

Rupee in free-fall: Currency cracks below 72-mark to end at record low of 72.45 on global concerns
Business

Rupee in free-fall: Currency cracks below 72-mark to end at record low of 72.45 on global concerns

Heavy speculative dollar demand along with panic among importers sent the rupee tumbling by a sharp 94 paise to hit a historic low of 72.67 in mid-morning trade, triggering the central bank intervention to defend the currency.

Sensex tumbles 468 points as rupee hits a lifetime low of 72.67; Nifty ends below 11,500-mark, down 151 points
Business

Sensex tumbles 468 points as rupee hits a lifetime low of 72.67; Nifty ends below 11,500-mark, down 151 points

Sensex closed at 37,922.17, down by 467.65 points or 1.22 percent, which was its biggest single-day fall since 16 March when it had lost 509.54 points.

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.

Rupee in free fall: A weaker currency may be a temporary setback, but can check Chinese imports
Business

Rupee in free fall: A weaker currency may be a temporary setback, but can check Chinese imports

A weaker rupee can help check reckless import of everything from smartphones to olives and chocolates and can provide a healthy overall macroeconomic protection to local manufacturers

Rupee tanks 37 paise to land up at fresh lifetime low of 71.58 against US dollar on persistent trade worries and macro concerns
Business

Rupee tanks 37 paise to land up at fresh lifetime low of 71.58 against US dollar on persistent trade worries and macro concerns

The rupee stretched its record fall for the fifth-straight session even as the RBI remained mostly on the sidelines, currency market participants said.