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

Last Updated: Monday, September 30, 2013, 17:38

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

Last Updated: Sunday, September 29, 2013, 19:38

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.