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Page 4 - Current Account Deficit

Taper tantrum playbook key for RBI as rupee continues slide to record lows

The rupee has declined almost 7% this year, bringing back memories of the selloff nearly a decade ago, when fiscal and current account deficits also widened

Taper tantrum playbook key for RBI as rupee continues slide to record lows
Updated On : 13 Jul 2022 | 10:33 AM IST

Trading gains

Rupee settlement will increase flexibility

Trading gains
Updated On : 12 Jul 2022 | 9:58 PM IST

TMS Ep212: Tata renewables, Pronab Sen, markets, current account deficit

Is Tata copying Adani, Reliance with its green turn? What's Pronab Sen's take on the state of economy? Will retail stocks survive the wave of inflation? What is current account deficit? Answers here.

TMS Ep212: Tata renewables, Pronab Sen, markets, current account deficit
Updated On : 11 Jul 2022 | 8:00 AM IST

What is the current account deficit?

Japanese brokerage Nomura recently said that India's current account deficit could widen to 3.3% of GDP in FY23 from 1.2% in the previous fiscal. But what is current account deficit? Let's understand

What is the current account deficit?
Updated On : 11 Jul 2022 | 7:00 AM IST

Lessons from the Raj: Whether it is gold or salt, higher duties don't work

The problem of gas in Europe, oil in the US and gold in India is a lifestyle problem. High taxes and import duties aren't going to solve it

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Updated On : 08 Jul 2022 | 9:12 AM IST

RBI's innovative approach to control the fall in rupee is commendable

The efficacy of the central bank's steps will be seen in the coming days

RBI's innovative approach to control the fall in rupee is commendable
Updated On : 06 Jul 2022 | 6:55 PM IST

Trade gap widens to record $25.6 bn; imports surge to $63.58 bn in June

India's traditional high dependence on crude oil led to its imports soaring 94.2 per cent in June to $20.7 billion

Trade gap widens to record $25.6 bn; imports surge to $63.58 bn in June
Updated On : 05 Jul 2022 | 1:52 AM IST

Twin deficit problem: What does it mean and how does it affect an economy?

The finance ministry recently said that India is at low risk of stagflation. But it also cautioned about a twin deficit problem that India may face. This report tells us what it means

Twin deficit problem: What does it mean and how does it affect an economy?
Updated On : 02 Jul 2022 | 10:25 AM IST

Top headlines: Gold import duty raised to 15%, GST receipts up 56% in June

India's factory output expanded at its slowest pace in nine months in June. More on that in our top headlines

Top headlines: Gold import duty raised to 15%, GST receipts up 56% in June
Updated On : 01 Jul 2022 | 7:05 PM IST

As rising CAD starts pinching, the Centre starts scrutinising imports

As the trade deficit in May hit a record high of $24.3 billion, revenue authorities have now become vigilant, according to a report

As rising CAD starts pinching, the Centre starts scrutinising imports
Updated On : 28 Jun 2022 | 1:37 PM IST

TMSEp200: Single-use plastic, IT workers, Nilesh Shah, twin deficit problem

Will Frooti packs go off the shelves? Can an IT employee be classified as a workman? What is Nilesh Shah's take on investors' approach to markets? What is a twin deficit problem? All answers here

TMSEp200: Single-use plastic, IT workers, Nilesh Shah, twin deficit problem
Updated On : 23 Jun 2022 | 8:00 AM IST

CAD reduces sequentially to 1.5% of GDP in Q4 as trade deficit moderates

The current account was in deficit to the tune of $ 8.1 billion (1 per cent of GDP) a year ago (Q4 of FY21)

CAD reduces sequentially to 1.5% of GDP in Q4 as trade deficit moderates
Updated On : 23 Jun 2022 | 1:09 AM IST

India reports CAD of 1.2% of GDP in FY22 on widening trade deficit: RBI

Current account deficit narrows to $13.4 bn or 1.5% of GDP in March qtr against $22.2 bn or 2.6% of GDP in December qtr, say RBI

India reports CAD of 1.2% of GDP in FY22 on widening trade deficit: RBI
Updated On : 22 Jun 2022 | 7:17 PM IST

Managing currency risks

Adjustment in the rupee exchange rate should not be delayed

Managing currency risks
Updated On : 21 Jun 2022 | 10:48 PM IST

Stories during stagflation: How India fares on 'modified' misery index?

Misery is the highest in countries known for economic mismanagement: Turkey, Argentina, South Africa. Next come Russia, Brazil, Pakistan and Egypt. And then India, notes T N Ninan

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Updated On : 10 Jun 2022 | 10:59 PM IST

Current account deficit likely to hit three-year high at $43.8 bn in FY22

The country's current account deficit is likely to hit a three-year high of 1.8 per cent or USD 43.81 billion in FY22, as against a surplus of 0.9 per cent or USD 23.91 billion in FY21, a report said

Current account deficit likely to hit three-year high at $43.8 bn in FY22
Updated On : 10 Jun 2022 | 12:00 AM IST

CAD will be sustainable, can be financed by normal capital inflows: RBI Guv

The number of unicorns, or new businesses valued at over $1 billion, is rising rapidly

CAD will be sustainable, can be financed by normal capital inflows: RBI Guv
Updated On : 09 Jun 2022 | 11:45 PM IST

Expect current account deficit to remain at sustainable level: RBI Governor

The current account deficit (CAD) will remain at a sustainable level and the normal flows will help the Reserve Bank of India (RBI) to finance it, Governor Shaktikanta Das said on Wednesday. He also said the Indian economy is well placed to deal with geopolitical challenges. "We expect the current account deficit to remain at sustainable level and the normal flows will enable us to meet the financing of the current account deficit," Das told reporters during the post-policy press conference. The country's current account deficit increased to USD 23 billion, or 2.7 per cent of GDP, in the third quarter of FY 2021-22 from USD 9.9 billion or 1.3 per cent of GDP in the second quarter and USD 2.2 billion (0.3 per cent of GDP) in Q3 of fiscal 2020-21. The widening of CAD in Q3 FY22 was mainly on account of higher trade deficit. Das said there has been a rise in exports and imports. "Higher exports are the good signs of the economy. Higher imports also augur well and it means that there

Expect current account deficit to remain at sustainable level: RBI Governor
Updated On : 09 Jun 2022 | 12:32 AM IST

After 13-quarter high in Q3, current account deficit may have eased in Q4

Net exports, which are considered a proxy for current account deficit, declined 2.9% of the GDP in the March quarter

After 13-quarter high in Q3, current account deficit may have eased in Q4
Updated On : 02 Jun 2022 | 3:25 AM IST

Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das

The RBI governor said that inflation projection will be realistically given in next monetary policy committee meet due to take place in June

Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das
Updated On : 23 May 2022 | 1:04 PM IST