CAD

The economy is likely to log in 6 per cent growth next fiscal, in line with consensus estimates, driven by an increased capex by the private sector, rating agency Crisil said on Thursday. The private sector capex is expected to deliver…

Applelaunched its latest iPhone 14 series in September 2022. Just like last year, the Cupertino-based tech giant is expected to introduce the next generation of its smartphones, the iPhone 15 lineup in the second half of 2023. However, the…

MUMBAI: The rupee firmed on Friday in its final trading session of the year as the dollar eased, while hopes that the country's current account deficit had likely peaked for the time being provided some support. The rupee rose 0.06% to…

Of $90 billion remittances that India is expected to receive in 2022, only $27.4 billion has come in the first half of the year. Photograph: Mohamed Abd El Ghany/Reuters India is likely to receive $100 billion in remittances this calendar…

MUMBAI: The country's current account deficit (CAD) widened in the second quarter of FY23 to a nine-year high of 4.4% of the gross domestic product, or $36.4 billion in absolute terms. In value terms, the quarterly CADis the highest in…

India's second-quarter current account deficit (CAD), or the excess of imports over exports, rose to its highest since the so-called taper tantrum of 2013 at 4.4% of gross domestic product (GDP), but the central bank and financial experts…

<!-- -->Services exports reported a growth of 30.2 per cent on a year-on-year (y-o-y) basis. (Representational)Mumbai: Widening trade gap pushed up the country's current account deficit to $36.4 billion or 4.4 per cent of the GDP…

With exports continuing to remain under stress for the second consecutive month in November, and imports also falling, the current account deficit is likely to moderate in the second half and close the fiscal with a 3.3 per cent of GDP or…

Falling exports and high crude prices are set to push up the current account deficit (CAD) in the second quarter to a 37-quarter high of 4.4% of GDP at $36 billion as against $9.7 billion or 1.3% in the year-earlier period, according to an…

<!-- -->The biggest impact on CAD is oil import. (Representational)Mumbai: State Bank of India has pencilled in a lower current account deficit at 3 per cent for this fiscal as against the minimum consensus of 3.5 per cent, citing…