Indian rupee vs dollar outlook: This fiscal, rupee may hit 67 mark
India’s current account deficit is expected to remain elevated at 1.9% of the GDP in FY18 and around 2.1% of GDP in FY19, pressurised by elevated crude oil prices due to rise in global commodity prices, recovery in domestic consumption without much scope for commensurate increase in capital flows
India’s current account deficit widened to 2% of gross domestic product in the third quarter (October-December) of the current fiscal year from 1.2% of GDP in the preceding quarter. Image source: PTI