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Current Account Deficit (CAD) News
Current Account Deficit (CAD)
Big relief for Modi govt from oil prices now!
Fri, Nov 23, 2018
"The recent decline in oil prices might compress the CAD by around $5 bn-$6 bn from our estimates of $78 bn in current fiscal. This will imply CAD settling down at 2.6 per cent of GDP (previously 2.8 per cent). Additionally, if crude averages $65 and rupee stays at 70, then petrol and diesel prices could fall further on average by Rs 4 or more," the report said.
Widening CAD to increase borrowing costs, dull forex borrowings
Tue, Aug 28, 2018
It can be noted that higher CAD not only results in a hardening of benchmark yields--the 10-year Gsecs yields, but also puts upward pressure on companies' credit spreads, which will cull their liquidity, further reducing their financial flexibility.
FDI growth up 23 per cent in Apr-June quarter this fiscal
Mon, Aug 27, 2018
Key sectors that received maximum foreign investment during the first quarter of the fiscal include services (USD 2.43 billion), trading (USD 1.62 billion), telecommunications (USD 1.59 billion), computer software and hardware (USD 1.4 billion), and power (USD 969 million).
Gold imports rise 22% to USD 33.65 billion in 2017-18
Fri, Jul 27, 2018
Increase in gold imports pushed the country's trade deficit to USD 157 billion in the last fiscal, an increase of about 45 per cent as compared to the year ago period.
Note ban may have affected current account deficit, says SBI Research
Sun, Mar 26, 2017
"Net travel has registered the incremental increase of USD 1,469 million in the quarter, which is an all-time high (at least since 2000-01)," the report said.
Indian economy on track, government proves how
Fri, Dec 30, 2016
WPI inflation declined to (-) 2.5% in 2015-16 from 2% in 2014-15.
Current account deficit narrows to 0.6% of GDP in September quarter
Tue, Dec 13, 2016
Non-resident Indian (NRI) deposits also witnessed a 50% decline to $2.1 billion from $4.2 billion in the same quarter of the previous fiscal.
India's crude basket at its 12-month peak
Mon, Oct 10, 2016
Price of Indian crude oil basket touched $50.14 per barrel in October. The last time India paid over $50 per barrel for oil was in October 2015. The average crude oil prices in June this year was $46.96 per barrel with June 10 that came closest to the ‘$50’ mark at $ 49.35.
India reports slim current account deficit; misses expectations
Wed, Sep 21, 2016
Contraction in CAD was mainly on account of a lower trade deficit (US$ 23.8 billion) than in Q1 of last year (US$ 34.2 billion) and in the preceding quarter (US$ 24.8 billion).
In charts: India's journey from 'deficit' to 'surplus'
Fri, Sep 16, 2016
The country's exports during the month fell $21.51 billion as against $ 21.58 billion in the same month last year.
Illicit Gold: India's smugglers shut out refiners, banks
Tue, Aug 23, 2016
Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.
Gold import falls nearly 53% to $4.97 billion in April-July
Mon, Aug 15, 2016
Gold imports more than halved to $4.97 billion in the first four months of the current fiscal, which is expected to keep a lid on the current account deficit (CAD).
Gold bond scheme raises Rs 919 crore in 4th tranche, highest so far
Sun, Jul 31, 2016
The government has reaslied its highest revenue yet from the fourth tranche of the Sovereign Gold Bond Scheme. Open from July 18-22 this year, the fourth round raked up Rs 919 crore from investors.
India's current account balance likely to turn surplus in April-June
Tue, Jul 19, 2016
With exports showing signs of revival, India's current account balance is likely to turn surplus in the first quarter (Q1) of the fiscal year 2016-17, said a leading research firm in its recent note.
Gold imports decline by 51% to $2.7 billion in April-May
Sun, Jul 03, 2016
The sliding prices of the precious metal in both global and domestic markets are seen as a contributory factor for the plunge.
Are “Brexit” concerns for India overdone?
Thu, Jun 30, 2016
Arvind Subramanian, Chief Economic Advisor (CEA), was quoted in the Times of India as saying, “Brexit may have caused a lot of uncertainty in the global economy but the development has made India a `safe haven' for investors in the past few days.”
Rupee appreciates by 8 paise against dollar in early trade
Fri, Jun 17, 2016
Forex dealers said besides selling of the American currency and positive economic data, a higher opening in the domestic equity market and weakness of the US dollar against some other currencies overseas supported the rupee.
India's Jan-March current account deficit narrows to 0.1% of GDP
Thu, Jun 16, 2016
India`s current account deficit in the January-March quarter narrowed to $300 million, or 0.1 % of gross domestic product, from $7.1 billion, or 1.3 % of GDP in the previous quarter, the central bank said on Thursday.
India's real economy to expand by 7.6% in 2016-17: RBI survey
Tue, Jun 07, 2016
The long-term real GVA growth expectations remained unchanged at 8.3% in the current round compared to the previous round.
Trade deficit to widen to 1.6% of GDP in FY17, says Nomura
Tue, May 17, 2016
In April, exports contracted for the 17th straight month, deepening 6.7% y-o-y from 5.5% in March.