Falling deficit, rising debt

The Reserve Bank of India published the balance of payments data for the fourth quarter of 2012-13 (and, consequently, for the full year) a day earlier than scheduled. What clearly motivated this uncharacteristic enthusiasm was unquestionably the hope that a rather positive reading on the current account deficit would have on a rapidly declining rupee. Whether the desired impact was had or not will be difficult to gauge immediately. There clearly was no dramatic reversal in movement. But going by the principle that there's never a bad time for good news, the early announcement could not have hurt - unless, of course, it is read as a signal that the government has completely run out of options...............

Falling deficit, rising debt | Business Standard