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India's current account deficit reduces to $10.5 billion in Dec qtr: RBI

India's current account deficit reduces to $10.5 billion in Dec qtr: RBI

Mar 27, 2024, at 03:25 am

New Delhi: India's current account deficit lessened to $10.5 billion or 1.2 percent of the GDP in the October-December quarter, from $11.4 billion in the preceding three months and $16.8 billion a year earlier, Reserve Bank of India (RBI) said on Tuesday.

India's balance of payment may go into $45-50 bn deficit in FY23

India's balance of payment may go into $45-50 bn deficit in FY23

Nov 10, 2022, at 05:28 pm

​India's balance of payment is expected to be in deficit by $45 -50 billion in FY23 but this deficit can be managed comfortably with foreign exchange reserves at a healthy $531 billion, according to a report in the media.