current account

With software exports hitting a record high of USD 320 billion in FY23, the country's share in global computer services exports has jumped to around 11 per cent in the year, according to an analysis. But the country still lags in the…

Economists are lowering their forecasts for India’s current-account shortfall, thanks to favorable trade trends that are proving to be a blessing for the rupee — among the worst performers in emerging Asia this month. Economists…

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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…

<!-- -->Current account deficit likely jumped to a near-decade high: ReportIndia's current account deficit likely widened to its highest in nearly a decade in the April-June quarter, driven by soaring global commodity prices and the…

HDFC Bank on Sunday said its deposits have risen 16.8 per cent y-o-y to Rs 15.59 lakh crore and advances have witnessed a 20.85 per cent jump year-on-year (y-o-y) to Rs 13.69 lakh crore in the March 2022 quarter. The growth in deposits was…

‘Huge widening lies ahead, with the large merchandise trade deficits seen in October-November’ India’s Balance of Payments (BoP) position moved to a deficit of $9.6 billion in the quarter ended September (Q2), as widening trade deficit…

New Delhi: The Reserve Bank of India (RBI) has changed the current account opening rules for borrowers with credit exposure. RBI has allowed banks to open current accounts of borrowers with credit exposure, subject to safeguard provisions.…

The Reserve Bank of India (RBI) has allowed time to banks till October 31 to implement changes in terms of managing current accounts, following reports of small businesses being hit with account freezing in the last few days.The central…