Friday, March 16, 2012

Current account deficit a challenge

The Reserve Bank of India said on Thursday country’s current account deficit (CAD) was likely to remain high, on the back of feeble export growth and volatile crude oil prices. The central bank also pointed out that the financing of CAD would be a challenge. “The financing of CAD will continue to pose a challenge so long as the global situation remains uncertain,” the central bank said in a statement...............
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