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India’s current account deficit (CAD) widened to $4.2 billion, or 0.5% of GDP, in the first quarter of 2026-27, compared with $3.4 billion, or 0.4% of GDP, in the year-ago period, according to preliminary data released by the Reserve Bank of India (RBI) on Tuesday. The widening deficit was primarily driven by a higher merchandise…
Continuous days of sustained losses has seen the rupee close at almost ₹97 to the dollar, with no indication that the slide has been arrested. Rising oil prices and the threat of external inflation will put further pressure on the rupee in the days to come. This has prompted calls for intervention to prevent further…
India’s current account deficit (CAD) narrowed to $2.4 billion (0.2% of GDP) in the April-June quarter (Q1FY26) from $ 8.6 billion (0.9% of GDP) in the year ago period and against a surplus of $13.5 billion (1.3% of GDP) in Q4:FY25, according to data released by the Reserve Bank of India (RBI) on Monday (September…
The United States imposed 25% reciprocal tariffs on India’s exports with effect from August 7. On August 6, the U.S. imposed a penal levy of an additional 25% on India’s exports because India continued to import oil from Russia and this comes into effect on August 29, 2025. The two taken together can weaken India’s…
Read More “With tariffs, India’s growth rate needs a careful watch” »
A man stands next to a logo of the Reserve Bank of India (RBI) in Mumbai. | Photo Credit: Reuters India’s current account deficit (CAD) widened marginally to $ 9.7 billion (1.1% of GDP) in Q1:2024-25 from $8.9 billion (1.0% of GDP) in Q1:2023-24 and against a surplus of $4.6 billion (0.5% of GDP) in…
Read More “India’s current account deficit in Q1 FY25 widens to $9.7 billion” »
India recorded a current account surplus of $5.7 billion or 0.6% of GDP in the March quarter, the Reserve Bank of India said on June 24. In the year-ago period, the current account deficit stood at $1.3 billion or 0.2% of GDP, and the same was $8.7 billion or 1% of GDP in the preceding…
Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: EMMANUAL YOGINI “With India’s current account deficit (CAD) declining sharply to 1% of GDP in Q2:2023-24 from 3.8% in Q2:2022-23,” RBI Governor Shaktikanta Das on February 8 said going ahead, the net balance under services and remittances would remain in large surplus, partly offsetting the trade deficit. …
Read More “RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable” »
Oil pump jack is seen in front of displayed Israeli flag in this illustration taken, October 8, 2023. | Photo Credit: Reuters A protracted Israel-Hamas conflict could spur oil prices beyond India’s comfort zone and even if the government holds retail fuel prices ahead of critical elections, wholesale prices may spike and a higher import…