NSE BSE MARKET STATS As on 11/06/2015 SENSEX 26579.61 260.89 (0.97%) NIFTY 8045.05 79.40 (0.98%) GOLD (MCX) 26772.00 41.00 (0.15%) USD 64.05 0.02 (0.04%) GBPINR 99.16 0.17 (0.17%) NTPC : 138.80 0.86 ONGC : 304.00 0.44 PNB : 135.10 1.78 Power Grid Corpn. : 145.30 1.26 Reliance Industries : 888.85 1.87 SBI By: PTI (http://www.financialexpress.com/author/pti/) | Mumbai | June 10, 2015 7:43 pm Current account deficit narrows sharply to US dollar 1.3 bn or 0.2 per cent in fourth quarter of FY15, as against USD 8.3 bn or 1.6 per cent in Q3. (Reuters) The country’s current account deficit (CAD) narrowed sharply to USD 1.3 billion, or 0.2 per cent of GDP, in the fourth quarter of the last financial year on a sequential basis mainly on account of a lower trade gap. The same shrank to 1.3 per cent of GDP for full financial year 2014-15. “On a quarter-on-quarter basis, CAD narrowed sharply to USD 1.3 billion (0.2 per cent of GDP) in fourth quarter of financial year 2014-15 from USD 8.3 billion (1.6 per cent of GDP) in the third quarter,” the Reserve Bank said today. “The reduction in CAD in fourth quarter was primarily on account of lower trade deficit as net earnings through services and primary income (profit, dividend and interest) witnessed a decline in quarter-on-quarter terms though secondary income recorded a marginal increase of 0.4 per cent,” the central bank said in its ‘Developments in Balance of Payments’ report. On a year-on-year basis, however, CAD (which indicates Post Comments 167 Like Related Articles (http://timeline.financialexp &link=http://www.financiale sponsored-survey-expects- economy-to-grow-by-7-8- pct-in- fy16/79934/×tamp=J 03, 2015&heading=RBI sponsored survey expects economy to grow by 7.8 pct in FY16 ) (http://timeline.financialexp &link=http://www.financiale bank-of-india-may-cut-rate- even-before-june-2-sbi- research/70175/×tam 07, 2015&heading=Reserve Bank of India may cut rate even before June 2: SBI Research ) RBI sponsored survey expects economy to grow by 7.8 pct in FY16 Reserve Bank of India may cut rate even before June 2: SBI Research GDP growth rate in India to reach 8 pct by 2017: World Bank Current Upcoming Recent IND 239/0 BAN Oneoff Test, IND in BAN Rain Stoppage Scorecard GALLERIES (HTTP://WWW.FINANCIALEXPRESS.COM/PICTURE GALLERYSECTION/BUSINESSGALLERY/) IN THE NEWS (http://www.financialexpress.com/article/miscellaneous/cisf personnelairportemployeesclashatkozhikodeairport1 dead/83011/) CISF personnel, airport staff clash at Kozhikode airport leaves 1 dead (http://www.financialexpress.com/article/mi personnelairportemployeesclashat kozhikodeairport1dead/83011/) (http://www.financialexpress.com/article/miscellaneous/punjab farmerwhobriefedrahulgandhioncroplosscommits suicide/82884/) Punjab farmer, who briefed Rahul Gandhi on crop loss, commits suicide (http://www.financialexpress.com/article/mi Indigo, GoAir soar to top, Air India, Jet Airways, others lose out: All you wanted to know in 10 points (http://www.financialexpr gallery/82121/indigo goairsoartotopair indiajetairways spicejetothersloseout allyouwantedtoknow in10points/) Top 10 news today: Indian Army kills 15 insurgents in Myanmar, Khadse says namaz is yoga, AAP leader arrested (http://www.financialexpr gallery/82550/top10 newstodayindian armykills15 insurgentsinmyanmar khadsesaysnamazis yogaaapleader arrested/) Gold rate, BSE Sensex, NSE Nifty, Monsoon, Missing Dornier aircraft, more (http://www.financialexpr gallery/82359/goldrate bsesensexnsenifty monsoonmissing dornieraircraftmore/) Apple WWDC 2015: Music streaming, watch apps and 'El Capitan' (http://www.financialexpr gallery/81950/apple wwdc2015music streamingwatchapps andelcapitan/) 1 3 0 G+ 0 - TIMELINE Current Account Deficit Reserve Bank Of India (http://timeline &link=http://www.financ finance/rbi-guv-raghuram-r capital-flows/74971/&tim insured to withstand volat India self-insured to withsta Rajan Editorial: IIP waits to be re-b
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6/11/2015 Current account deficit shrinks massively to 0.2% of GDP in Q4 of FY15: Reserve Bank of India | The Financial Express
Current account deficit shrinks massively to0.2% of GDP in Q4 of FY15: Reserve Bankof IndiaThe country's current account deficit (CAD) narrowed sharply to US Dollar 1.3 billion, or 0.2 per cent of GDP,in the fourth quarter of the last financial year on a sequential basis mainly on account of a lower trade gap.
Current account deficit narrows sharply to US dollar 1.3 bn or 0.2 per cent in fourth quarter of FY15, as against USD8.3 bn or 1.6 per cent in Q3. (Reuters)
The country’s current account deficit (CAD) narrowed
sharply to USD 1.3 billion, or 0.2 per cent of GDP, in the
fourth quarter of the last financial year on a sequential
basis mainly on account of a lower trade gap.
The same shrank to 1.3 per cent of GDP for full financial
year 2014-15.
“On a quarter-on-quarter basis, CAD narrowed sharply to
USD 1.3 billion (0.2 per cent of GDP) in fourth quarter of
financial year 2014-15 from USD 8.3 billion (1.6 per cent of
GDP) in the third quarter,” the Reserve Bank said today.
“The reduction in CAD in fourth quarter was primarily on
account of lower trade deficit as net earnings through
services and primary income (profit, dividend and interest)
witnessed a decline in quarter-on-quarter terms though
secondary income recorded a marginal increase of 0.4 per
cent,” the central bank said in its ‘Developments in Balance
of Payments’ report.
On a year-on-year basis, however, CAD (which indicates
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