CAD widens to 2.5 pc of GDP in Q3
In absolute terms, the CAD, or the gap between inflow and outflow of foreign exchange in the current account, was USD 16.9 billion in the October-December 2018 period, up from USD 13.7 billion in the year-ago period.
The deficit, however, had moderated to USD 19.1 billion or 2.9 per cent of GDP in the preceding quarter, Photo: Reuters