Current account deficit widens to 4.9% of GDP in June quarter

High imports of gold and oil pushed Current Account Deficit (CAD) to 4.9 percent of GDP to USD 21.8 billion in the April-June quarter of the current fiscal, RBI said Monday.

Current account gap seen widening for June quarter

Five economists predicted the June quarter current account deficit (CAD) would rise to USD 23-25 billion, or 4.8-5.4 percent of gross domestic production (GDP), from USD 18.1 billion, or 3.6 percent, in the March quarter.