BALANCE OF PAYMENTS

Credit rating agency Acuite Ratings & Research on Monday said it has revised its forecast of India's current account deficit to $68 billion from $106 billion and the balance of payments deficit to $17 billion from $38 billion earlier.

Underlying the lower CAD in Q3FY23 was the narrowing of merchandise trade deficit to $72.7 bn from $78.3 billion in Q2FY23, coupled with robust services and private transfer receipts, RBI said

The foreign bank expects current account balance to slip into a deficit of 3% of gross domestic product this financial year from a surplus of 0.9% last year

Quite low in the pecking order of inbound consignments at one point, the fossil fuel today accounts for a third of the value of crude entering the country

India may have done well by keeping commercial bank lending to the government within manageable limits, but RBI has been lending more to the government, which means it has been printing more notes

The equity markets have grown exponentially since the 1991 liberalisation. But in 1991, India was in the midst of its worst balance of payments crisis ever. Find out more about balance of payments

How did Chinese smartphones wipe out Indian brands? What did PM Modi and China's Xi Jinping say at Davos? Will indices hit all-time high before Budget? What is Balance of Payments? All answers here

India is not using currency to gain unfair advantage

Figures are based on percentage of a country's GDP

Says overseas companies must stop having an 'assembly workshop' approach

Nirmala Sitharaman tells Indivjal Dhasmana & Nivedita Mookerji that the government has made sure that mistakes committed during 2008-2013 are not repeated while announcing the Rs 20-trillion package.

Last week, the Reserve Bank of India (RBI) published the balance of payments (BOP) data for the October-December quarter of 2009. It elicited surprisingly little comment. Surprising, because for the second quarter in a row, the current account deficit was well above 3 per cent of GDP. And with nine months data in the bag, there is a good chance that the full year (2009-10) current account deficit will also be above 3 per cent of GDP.