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CAD narrows sharply to $0.3 billion in Q4 on lower trade deficit

CAD narrows sharply to $0.3 billion in Q4 on lower trade deficit

The Reserve Bank of India data on Thursday showed that the current account deficit also shrunk to 1.1 percent of the GDP in FY2015-16 from 1.8 percent in the previous fiscal.

17 out of 30 sectors in negative zone in March in terms of exports

17 out of 30 sectors in negative zone in March in terms of exports

Exports of over half of the 30 sectors closely monitored by the Commerce Ministry were in the negative zone in March due to a fall in global commodity prices amid tepid demand.

CAD to widen to $25 billion in FY17 on surge in gold imports, sluggish exports: Report

What may cause concerns for the Indian economy, country's current account deficit (CAD) is likley to widen to USD 25 billion this year from USD 20 billion in 2015-16 due to slowness in exports and sudden surge in gold imports, as per a report released on Friday.

Govt modifies Gold Monetisation Scheme; allows investors to redeem deposits in gold

Govt modifies Gold Monetisation Scheme; allows investors to redeem deposits in gold

To make the Gold Monetisation Scheme more attractive, the government has allowed investors to redeem the deposits in gold also.

CAD to shrink further in March quarter: HSBC

CAD to shrink further in March quarter: HSBC

The current account deficit narrowed in the October-December quarter of 2015 and is likely to shrink further in the March quarter of this year.

CAD narrows to 1.3% of GDP in December quarter: RBI

CAD narrows to 1.3% of GDP in December quarter: RBI

India's current account deficit (CAD) narrowed to 1.3 percent of GDP in third quarter of the fiscal as against 1.5 percent in the same period last year, mainly on account of lower trade deficit.

Gold imports contract 29.5% to $1.39 bn in February

Gold imports contract 29.5% to $1.39 bn in February

After a sharp rise in January, gold imports in February declined 29.49 percent to USD 1.39 billion, which is expected to keep a lid on the country's current account deficit (CAD).

Indian economy less vulnerable to external shocks: S&P

Indian economy less vulnerable to external shocks: S&P

Indian economy is less vulnerable to external shocks as it is mainly driven by household consumption and government spending, and not dependent on hot money which can move out quickly, Standard & Poor's Rating Services said Tuesday.

CAD to narrow to 0.5% of GDP in 2016: Report

CAD to narrow to 0.5% of GDP in 2016: Report

India's current account deficit may narrow to 0.5 percent of GDP in 2016 from 0.7 percent in 2015 owing to lower commodity prices, particularly oil, says a report.

CAD remains in check; likely to be less than $25 bn: Barclays

CAD remains in check; likely to be less than $25 bn: Barclays

According to experts, a CAD up to 2.5 percent of GDP can be financed with the current level of foreign fund inflows and remittances.

Gold imports lose steam, fall 36.5 pc to $3.5 bn in Nov

Gold imports lose steam, fall 36.5 pc to $3.5 bn in Nov

Gold imports shrank 36.5 percent to USD 3.53 billion in November on the back of falling prices of the yellow metal, something that will keep the country's current account deficit (CAD) in check.

Drop in FPI inflows may not have major impact on economy: Govt

During April-November period of the current fiscal, FPIs had pulled out a sum of Rs 7,008 crore from the country's capital markets after investing staggering funds in the preceding two financial years.

Stanchart revises FY16 CAD forecast to 1.5% of GDP

Stanchart revises FY16 CAD forecast to 1.5% of GDP

Lower commodity prices are unlikely to narrow India's current account deficit, Standard Chartered has said, while revising its CAD forecast for the fiscal to 1.5 percent from 1.1 percent of GDP earlier.

CAD to be around 1.5% of GDP this fiscal: RBI

CAD to be around 1.5% of GDP this fiscal: RBI

RBI Deputy Governor Urjit Patel on Thursday said the central bank expects Current Account Deficit (CAD) around 1.5 percent of GDP in the current fiscal.

Gold imports jump 140% to $4.95 bn in August

Gold imports jump 140% to $4.95 bn in August

Gold imports more than doubled to USD 4.95 billion in August, driven by dip in global prices and higher domestic demand in view of forthcoming festival season.

CAD narrows to 1.2% of GDP at $6.2 billion in Q1

CAD narrows to 1.2% of GDP at $6.2 billion in Q1

The June quarter CAD figure is lower than USD 7.8 billion, or 1.6 percent of GDP, in the year-ago period, but higher than 0.2 percent for the March quarter.

India's CAD likely to widen in June quarter: Report

India's current account deficit (CAD) is likely to widen in the June quarter to 1.8-2.0 percent of GDP while for the current financial year, it is likely to remain under control, says a DBS report.

Govt cuts tariff value on imported gold for 2nd straight week

Govt cuts tariff value on imported gold for 2nd straight week

The government on Friday slashed the import tariff value on gold for the second straight week to USD 354 per 10 gm in line with weak global prices of the precious metal.

Current account deficit shrinks to 1-year low at 0.2%

Current Account Deficit (CAD) fell sharply to its lowest level in a year at USD 1.3 billion or 0.2 percent of GDP in the fourth quarter of 2014-15, as trade gap narrowed on lower oil prices and robust foreign inflows.

Government reduces tariff value on gold, silver

During last fortnight, the tariff value on imported gold was USD 398 per 10 grams and on silver at USD 567 per kg.