Search For "current account deficit"
Snapping 4-day losses, Indian stock indices open with minor gains
Updated : 3 years, 8 months ago IST
New Delhi [India], July 15 (ANI): Snapping a four-day losing streak, Indian stock indices opened with minor gains on Thursday.
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India's services sector saw recovery on improved demand: Finance Ministry
Updated : 3 years, 8 months ago IST
New Delhi [India], July 15 (ANI): India's services sector has witnessed a broad-based recovery in sales revenues in both nominal and real terms during the January-March 2022 quarter 2022, the Ministry of Finance said in its latest Monthly Economic Review report.
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India's current account deficit expected to deteriorate in FY23: Finance M
Updated : 3 years, 8 months ago IST
New Delhi [India], July 15 (ANI): India's current account deficit, meaning a shortfall between the imports and exports, is expected to deteriorate in 2022-23 if recession concerns do not lead to a sustained and meaningful reduction in the prices of food and energy commodities, the Ministry o
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Pakistan's external debt servicing rises to USD 10.886 billion
Updated : 3 years, 8 months ago IST
Karachi [Pakistan], July 13 (ANI): Pakistan's external debt servicing rose to USD 10.886 billion in the first three quarters of 2021-22 compared to USD 13.38bn in the entire FY21.
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Prolonged Russia-Ukraine conflict to intensify Pakistan's economic woes
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 12 (ANI): Pakistan, which is reeling under high inflation, sliding forex reserves, widening current account deficit and depreciating currency, is bracing for the worst economic woes due to the prolonged Russia-Ukraine conflict.
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Pakistan to borrow PKR 5.5 trillion from international lenders
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 10 (ANI): Pakistan would borrow Pakistani Rupees (PKR) 5.5 trillion from international lenders in the current fiscal year to maintain their foreign exchange reserves, repay the previous loans and finance of current account deficit.
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Widening trade deficit pushes India to disincentivize gold imports
Updated : 3 years, 8 months ago IST
New Delhi [India], July 6 (ANI): India is experiencing a widening trade deficit, this essentially means that it is buying more goods and services than it is shipping out. India's trade deficit widened to a record $25.63 billion in June 2022, whereas it stood at $70.25 billion during April-Ju
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Govt takes number of steps to address high oil price challenge
Updated : 3 years, 8 months ago IST
New Delhi [India], July 4 (ANI): The Government of India has taken a number of steps to address the challenges arising out of the surge in crude oil prices in the international markets, finance ministry sources said on Monday.
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CRISIL sees India's average retail inflation in FY23 at 6.8 pc
Updated : 3 years, 8 months ago IST
New Delhi [India], July 2 (ANI): India's retail inflation during the financial year FY22-23 is expected to average at 6.8 per cent, as compared to 5.5 per cent the previous year, said rating agency CRISIL in a report.
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India's economic prospects challenged by Russia-Ukraine war, says RBI Depu
Updated : 3 years, 8 months ago IST
New Delhi [India], June 24 (ANI): The ongoing geopolitical developments in Ukraine have challenged India's economic prospects, thereby darkening the country's outlook and making it highly uncertain, said the Reserve Bank of India's Deputy Governor Michael Patra.
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India's current account deficit to widen in FY23, says brokerage Edelweiss
Updated : 3 years, 8 months ago IST
New Delhi [India], June 24 (ANI): India's current account deficit (CAD) is expected to widen and be in the range of 2.6 per cent to 2.8 per cent of gross domestic product (GDP) in the current financial year FY23, said brokerage and financial services firm Edelweiss Broking.
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India's current account deficit falls to $13.4 billion in Q4 of 2021-22
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 22 (ANI): India's current account deficit (CAD) declined to $13.4 billion in January-March 2022 from $22.2 billion recorded in the previous quarter, according to data released by the Reserve Bank of India (RBI) on Wednesday.
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