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Indias Gold Imports Soar: A 26.7% Jump to $35.95 Billion

India's gold imports witnessed a significant increase of 26.7% to $35.95 billion during April-December 2023, driven by robust demand in the domestic market....

India's Current Account Deficit Narrows On YoY Basis To $9.2 Billion In Q1FY24

India's current account deficit (CAD) reached $9.2 billion, or 1.1% of GDP, in the first quarter of 2023-24 on a sequential basis, owing to a higher trade deficit coupled with a lower surplus in net services and a decline in private ...

India's Current Account Deficit Contracts Sharply To $1.3 Billion In Q4 FY23

India's current account deficit (CAD) witnessed a significant contraction, narrowing sharply to $1.3 billion in the fourth quarter of FY23, Reuters Reported. In the final quarter of the 2022-23 fiscal year, the current account balance (INCURA=ECI) most likely showed a surplus ...

External Challenges Could Increase As Trade Deficit Widens: Emkay Global

Going ahead, external sector challenges could increase and import growth exceeding export growth, while higher losses in oil-led terms of trade imply a CAD-to-GDP ratio of 1.7% in FY22E, Emkay Global has said. "With oil sustaining above USD100/bbl and ...

High Commodity Prices To Turn Current Account Into Deficit At 1.3% Of GDP: India Ratings

India Ratings and Research (Ind-Ra) expects the commodity price led high trade deficit in 2QFY22 to turn the current account (CA) into deficit in 2QFY22. However, a stable services trade surplus of USD24 billion would help rein in the CA deficit ...

India's Current Account Deficit Widens for the April-June Period

For the quarter ended June 2018, India's current account deficit (CAD) widened to a four-quarter high of 2.4 percent of the GDP (gross domestic product) at $15.8 billion, an RBI statement on Friday said. It is higher than January-March 2018 quarter's ...

Govt Mulls Cutting Down On Gold Import To Contain CAD

As it is the crude oil situation has aggravated fiscal deficit and hence CAD or current account deficit concerns, so to mitigate the risk at hand the government is mulling restricting gold imports into the country. Current account deficit is ...

Trade Deficit For April Increases To $13.72 Billion; Exports Recover

The government's data revealed on Tuesday indicated widening of trade deficit for the April month to $13.72 billion as against $13.25 billion reported during the same month a year ago. Merchandise exports jumped during the month to $25.9 billion, ...

India's Current Account Deficit Widenes To 2% Of GDP In Q3FY18

On Friday, RBI data revealed that India's CAD or current account deficit jumped to $13.5 billion which amounts close to 2% of the GDP during the third quarter of 2017-18 against $7.2 billion in the quarter ended September. CAD figure for ...

CAD Increases To $14.3 Billion Due To High Trade Deficit

The humongous rise in CAD in Q1 is primarily attributed to huge trade deficit and the current account deficit has only widened on a net basis substantially on a year on year basis which a year ago was $0.4 billion in ...

Current Account Deficit Narrows To 1.6 Per cent Of GDP In Q2

The current account deficit (CAD) narrowed to 1.6 per cent of GDP at USD 8.2 billion in the second quarter ended September, mainly due to lower trade deficit. The July-September CAD is lower than USD 10.9 billion, or 2.2 per cent ...

Why Gold Rates In Indian Cities Like Delhi, Mumbai, Kerala And Chennai Are Different?

Gold rates in India track international gold prices. So, when gold prices go up in the international markets they go up in Indian cities. But, the problem is that gold rates in Indian cities differ from each other. Gold rates in ...

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