Last Updated: Friday, September 11, 2015, 20:03
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.
Last Updated: Friday, August 14, 2015, 20:34
After declining in June, Gold imports jumped 62.2 percent to USD 2.96 billion last month, a development which will have adverse bearing on India's current account deficit (CAD).
Last Updated: Sunday, August 2, 2015, 13:55
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.
Last Updated: Friday, July 24, 2015, 14:02
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.
Last Updated: Thursday, July 23, 2015, 15:46
Decline in gold prices is not likely to add pressure to India's current account deficit or the domestic currency, as the metal's appeal has diminished, Nomura said in a research note today.
Last Updated: Wednesday, July 15, 2015, 22:03
Imports of the precious metal stood at USD 3.12 billion in the same month of 2014. In May this year, the imports were worth USD 2.42 billion.
Last Updated: Tuesday, June 16, 2015, 14:03
Gold imports grew 10.47 percent to USD 2.42 billion in May on declining prices and easing of restrictions by RBI.
Last Updated: Wednesday, June 10, 2015, 19:45
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.
Last Updated: Monday, June 1, 2015, 16:47
During last fortnight, the tariff value on imported gold was USD 398 per 10 grams and on silver at USD 567 per kg.
Last Updated: Thursday, May 28, 2015, 12:35
Exports to China are expected to grow by around 14 percent a year in the decade to 2030, potentially outpacing outbound shipment growth to any other country, said an HSBC trade forecast report.
Last Updated: Friday, May 15, 2015, 20:00
The CAD in the first half of this fiscal declined to 1.9% of GDP ($18 bn) from 3.1% ($27 bn).
Last Updated: Thursday, May 14, 2015, 23:01
Finance Minister Arun Jaitley Thursday said the economy was in a recovery mode with inflation and fiscal deficit under control and despondency giving way to a positive environment.
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