Search For "current account"
India's trade deficit may surge to USD 300 bn in FY26 despite lower oil pr
Updated : 11 months, 1 week ago IST
India's trade deficit is likely to widen to USD 300 billion in the financial year 2025-26, even though oil prices are expected to remain moderate, according to a recent report by ICICI Bank.
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India records $13.5 billion current account surplus in Q4-FY25
Updated : 11 months, 1 week ago IST
India's current account recorded a surplus of USD 13.5 billion (or 1.3 per cent of GDP) in the January-March quarter of 2024-25 as compared with USD 4.6 billion (or 0.5 per cent of GDP) in the same quarter of 2023-24, RBI data showed Friday.
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India's current account balance turns surplus in 4QFY25, after three quart
Updated : 11 months, 2 weeks ago IST
India Ratings and Research (Ind-Ra) expects the country's current account balance (CAB) to have registered a surplus of around USD7 billion (0.7 per cent of GDP) in the fourth quarter of recently concluded financial year 2024-25, higher than USD 4.6 billion (0.5 per cent of GDP) in the corre
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Surge in crude prices poses risk to India's current account deficit as eve
Updated : 11 months, 2 weeks ago IST
Amid rising global crude prices, India's current account deficit (CAD) for FY25 faces an upward risk, as every USD 10 per barrel increase in oil prices can worsen the annual CAD by nearly USD 15 billion, according to a report by Union Bank of India (UBI).
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Why Do Business Owners Prefer Current Accounts Despite No Interest?
Updated : 1 year ago IST
New Delhi [India], May 22: For any business owner, every financial decision matters. When margins are tight and operations are dynamic, even where you park your working capital becomes a strategic choice. So, it's natural to wonder why most businesses continue to prefer current accounts even
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Key Factors to Keep in Mind When Selecting a Current Account
Updated : 1 year ago IST
New Delhi [India], May 15: A Current Account is the financial backbone of any business. Whether you are a start-up, a sole proprietor, or the owner of an established enterprise, having the right Current Account can simplify transactions, improve cash flow management, and offer added value th
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India's BoP to remain negative for the year, but the magnitude would be lo
Updated : 1 year, 2 months ago IST
Despite improvements in the current account deficit, muted net foreign direct investment (FDI) and continued outflow of foreign portfolio investment (FPI) suggest that the overall balance of payments (BoP) will continue to face pressure, said a report by ICICI Bank Global Markets.
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Feb trade surplus suggests a sharp downside risk to India's current accoun
Updated : 1 year, 2 months ago IST
India's current account deficit is likely to see a sharp downside risk for FY25 GDP, as seen in the sharp positive surprise in February trade data according to a report by the Union Bank of India (UBI). India's trade deficit for February 2025 has seen a rare surplus of USD 4.4 billion. Read More
Trade deficit in Jan'25 widens because non-oil, non-gold deficit reaches d
Updated : 1 year, 3 months ago IST
India's merchandise trade deficit surged to USD 22.99 billion in January 2025, exceeding market expectations of USD 21.0 billion. This marks an increase from USD 21.94 billion in December 2024 and USD 16.56 billion in January 2024.
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Mumbai: RBI imposes restrictions on New India Co-operative Bank, freezes w
Updated : 1 year, 3 months ago IST
According to the RBI notice, "Considering the bank's present liquidity position Bank has been directed not to allow withdrawal of any amount from savings bank or current accounts or any other account of a depositor but is allowed to set off loans against deposits subject to the conditions st
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India's current account deficit to widen in FY26, GDP to grow by 6.5 per c
Updated : 1 year, 3 months ago IST
India's economy is expected to grow at 6.5 per cent in the financial year 2025-26 (FY26), slightly higher than the 6.4 per cent growth estimated for the ongoing fiscal year (FY25), according to a report by Crisil.
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"Rupee today stands among most stable currencies in world," says BJP's Ami
Updated : 1 year, 4 months ago IST
Malviya highlighted key metrics, such as India's "reduced current account deficit, strong foreign exchange reserves, and restrained external debt growth," which he said have contributed to the rupee's stability despite global challenges.
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