Current account deficit rises to historic high of 6.7 percent

Posted By:
Subscribe to GoodReturns

India's current account deficit has come in at a record high 6.7 percent of GDP for the December quarter, worse than anticipated. Analysts had exepected a figure in the range of 6-6.5 per cent.

The country's current account deficit was at $32.63 billion in the 3 months ending December, compared with $20.16 billion in the corresponding period of last year.

The CAD is likely to now exert pressure on the currency, which in turn could affect the RBI's ability to cut rates.

GoodReturns.in

Read more about: cad
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?