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Current Account Deficits

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  • Indian trade, current account deficit seen widening, rupee under pressure

    India's trade deficit widened sharply to $21.19 billion in February compared to $17.94 billion the previous month, preliminary data showed.

  • Ruchir Sharma analyses India's centre-states equation

    India's recent economic failures are the result of the breakdown in accountability at the Centre, says Ruchir Sharma. But mass-based leaders in states are faring much better

  • Budget 2013: Budget paves way for lowering twin deficits: RBI

    The Reserve Bank today welcomed the General Budget, saying it has laid the foundation for lowering fiscal and current account deficits, apart from supporting both domestic and foreign investments.

  • Rupee falls; govt says economy may slow more than expected

    The rupee fell on Thursday after a government projection estimated economic growth in the fiscal year will be worse than expected, raising concerns about how it would fund its fiscal and current account deficits.

  • India committed to reforms, FM tells European investors

    Assuring India's commitment to pursue economic reforms, Finance Minister P Chidambaram has said government will cut fiscal and current account deficits to help economy return to the 8 per cent growth path.

  • Monetary easing needs sustained fiscal consolidation: RBI

    The RBI said a sustained commitment to contain fiscal and current account deficits was needed to create room for monetary easing, a day before it is widely expected to cut interest rates for the first time since April.

  • RBI seen cutting repo rate by 25 bps: Reuters Poll

    The Reserve Bank of India is expected to reduce its policy interest rate by 25 basis points in a policy review on January 29, making its first cut in nine months on the back of slowing inflation and weak economic activity, economists polled by Reuters said.

  • Expect rupee to depreciate: AV Rajwade

    AV Rajwade, Forex & Treasury Management Consultant, in an interview with CNBC-TV18’s Latha Venkatesh spoke about the positive impact of the rupee depreciating, considering, the face that the trade deficit pressures and the FII flows are beginning to peter out.

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