Cad
Rupee weakens 7.8% against US dollar in FY23, most in three years
The rupee closed FY23 at 82.18 to a dollar, against 75.79 a year ago
 "Rupee weakens 7.8% against US dollar in FY23, most in three years")
Current account deficit narrows to 2.2% of GDP in Q3, shows RBI data
Non-resident deposits recorded net inflows of $2.6 billion in the third quarter of the current fiscal as compared to net inflows of $1.3 billion in the year-ago period
 "Current account deficit narrows to 2.2% of GDP in Q3, shows RBI data")
Widening deficit: Worries persist over FY24 current account balance
CAD may be better than expected in FY23, but India won't be completely out of the woods next year, says official
 "Widening deficit: Worries persist over FY24 current account balance")
Current account deficit may fall in Dec quarter as net exports ease
In the September quarter, CAD touched a nine-year high at 4.4 per cent from 2.2 per cent in the June quarter as the negative net exports shot up to $50.3 billion from $36.3 billion
 "Current account deficit may fall in Dec quarter as net exports ease")
CAD may reach manageable levels in second half of FY23: Economic Survey
This could be owing to cheaper crude oil, resilient net services exports and buoyant inward remittances
 "CAD may reach manageable levels in second half of FY23: Economic Survey")
Top headlines: CAD likely to narrow in 2023, misuse of IBC, and more
Business Standard brings you the top headlines at this hour
Citigroup cuts India's current account deficit forecast to below 3% of GDP
Net exports of services rose 35% to $34.5 billion in the second quarter of the current fiscal
BS poll: Rupee seen range bound, widening current account deficit a risk
Renewed overseas flows to provide support
 "BS poll: Rupee seen range bound, widening current account deficit a risk")
India's current account deficit in July-Sept rises sharply to 4.4% of GDP
Balance of Payments position sees depletion of $30.4 billion, says central bank
 "India's current account deficit in July-Sept rises sharply to 4.4% of GDP")
Rupee at over 1-month low on renewed Federal Reserve rate hike fears
Indian currency underperforms EM peers; analysts cite shrinking forward premia, widening CAD
 "Rupee at over 1-month low on renewed Federal Reserve rate hike fears")
Current account deficit likely to be lower at 3% this fiscal: SBI report
State Bank of India has pencilled in lower current account deficit at 3 per cent for this fiscal as against the minimum consensus of 3.5 per cent, citing rising software exports, remittances and a likely USD 5-billion jump in forex reserves via swap deals. Every USD 10 increase in crude prices impacts the Current Account Deficit (CAD) to the tune of 40 basis points while the same on fuel inflation is 50 bps and also results in 23 bps decline in growth, according to Soumyakanti Ghosh, the chief economic advisor at SBI. CAD has a counter cyclical shock absorber, he said in a report on Thursday. Exchange rate is the major contributor to software exports growth and 40 per cent of its variation is explained by exchange rates. "If we translated these numbers in actual terms, every Re 1 fall against the dollar leads to an increase in software exports by USD 250 million". This, along with an expected USD 5 billion-forex reserve accrual by way of swap transactions and higher remittances, wi
Is India's external account becoming vulnerable?
Rising global commodity prices have widened India's current account deficit to 2.8% of GDP in Q1. But RBI Governor says, forex reserves compared favourably with most peer economies. Here's more
 "Is India's external account becoming vulnerable?")
Current account deficit widens to 2.8% of GDP in Q1; trade deficit jumps
Services exports, remittances show firm momentum in Q1
 "Current account deficit widens to 2.8% of GDP in Q1; trade deficit jumps")
CAD may jump over 5% of GDP in Q2FY23, relief likely in the next fiscal
The current account deficit may have widened to 3.4% of the gross domestic product in the first quarter against a surplus of 0.9% a year ago
 "CAD may jump over 5% of GDP in Q2FY23, relief likely in the next fiscal")
RBI, bond market players discuss liquidity strategy as surplus dwindles
RBI asked for mkt views on BoP, impact of 75-bps rate hike by US Fed
 "RBI, bond market players discuss liquidity strategy as surplus dwindles")
CAD may touch nine-year-high in Q1FY23 as net exports soar
India's CAD stood at 1.5% of GDP in the March quarter of FY22 compared to a CAD of 2.6% of GDP in the preceding quarter of FY22
 "CAD may touch nine-year-high in Q1FY23 as net exports soar")
CAD of 2.5-3% can be sustained without external sector crisis: RBI DG Patra
India's economy is predicted to overtake that of the US by 2048, said Patra
 "CAD of 2.5-3% can be sustained without external sector crisis: RBI DG Patra")
Experts expect some inflation, CAD relief after US Fed hikes rates
MPC will be guided more by domestic inflation-growth dynamics than US central bank measures, they say
 "Experts expect some inflation, CAD relief after US Fed hikes rates")
Rupee won't go into free-fall even if CAD widens to 3-3.5%: BoA's Mehta
RBI needs to be fourth buyer in the bond market, says senior executive
 "Rupee won't go into free-fall even if CAD widens to 3-3.5%: BoA's Mehta")
Rupee closes shy of 80/$ as RBI shields currency, exporters sell dollars
The rupee settled at 79.99 per dollar on Wednesday - a fresh closing low for the Indian unit versus the greenback
 "Rupee closes shy of 80/$ as RBI shields currency, exporters sell dollars")
