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FY15 trade deficit likely at $153 bn; CAD at $46.7 bn: Citigroup

Last Updated: Sunday, April 13, 2014, 12:10

The current account deficit (CAD) is the difference between outflow and inflow of foreign exchange.

Stock market rally due to strong economic fundamentals: Congress

Last Updated: Wednesday, April 02, 2014, 21:11

Rejecting the BJP hypothesis that the stock market was rallying because of likely change of the government, Congress today said it was due to the strong macro economic fundamentals and improvement in the Current Account Deficit (CAD) position.

Fiscal deficit in Apr-Feb at 114.3% of full year target

Last Updated: Monday, March 31, 2014, 19:55

The deficit, which is the gap between expenditure and revenue, was 97.4 percent during April-February a year ago.

CAD likely to be $35 bn in 2013-14: Chidambaram

Last Updated: Monday, March 31, 2014, 17:46

"India's forex reserves have crossed USD 300 billion. We have successfully contained fiscal deficit and current account deficit," Chidambaram said.

Lower CAD limits India's exposure to global shocks: Moody's

Last Updated: Wednesday, March 26, 2014, 16:06

Fall in high Current Account Deficit (CAD) limits India's vulnerability to global financial market volatility although elevated inflation still poses risks, says rating agency Moody's.

Narendra Modi led BJP to win general elections 2014: Moody's

Last Updated: Thursday, March 20, 2014, 19:01

Projecting the ouster of the UPA government after a disappointing second term, research firm Moody's Analytics on Thursday said the BJP is likely to form the next government after the general elections.

More banks importing gold can bring down prices: Chakrabarty

Last Updated: Thursday, March 20, 2014, 18:50

According to sources, RBI has permitted Axis Bank, Kotak Mahindra Bank, IndusInd Bank and Yes Bank to import gold.

Gems and jewellery exports dip 4% to $3.59 bn in Feb

Last Updated: Thursday, March 13, 2014, 17:33

Declining for the fourth month in a row, gems and jewellery exports in February fell by 4.15 percent to USD 3.59 billion due to sluggish demand in key markets such as the US and Europe.

CAD to narrow to 6-yr low of 2% in FY14: Crisil

Last Updated: Tuesday, March 11, 2014, 21:49

India's current account deficit (CAD) was likely to narrow to a 6-year low of 2 percent of GDP this fiscal, but may expand to 2.7 percent in FY15 as the imports pick up, ratings agency Crisil today said.

Japan current account deficit widens to record, Q4 growth slows

Last Updated: Monday, March 10, 2014, 12:37

Japan posted a record current account deficit in January and fourth quarter growth was revised down, heightening fears of a deepening economic slowdown amid soft exports and an expected chill in demand from an increase in the sales tax.

'Current account deficit to be less than $40 billion'

Last Updated: Friday, March 07, 2014, 18:34

The CAD narrowed to USD 26.9 billion in the first half (April-September) of 2013-14.

Govt has right to set inflation target for RBI to achieve: FM

Last Updated: Friday, March 07, 2014, 18:25

Stressing that economic stability should include steady prices, Finance Minister P Chidambaram on Friday said Parliament could set an inflation target for the Reserve Bank to achieve.