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Current account balance News

13 Sep 2018

Blame for fuel price shock definitely lies with NDA government. Here's why

When 'international developments' were favourable, the NDA government took credit for something it didn't do. Now that situation is unfavourable, it doesn't want to take the blame.

Foreign Exchange reserves

23 Mar 2017

Net forex reserves increase by $14.2 billion in Apr-Dec period

The country added USD 14.2 billion in foreign exchange reserves on the balance of payment basis during the first nine months of the outgoing financial year, which is marginally down from USD 14.6 billion accretion in the year-ago period, the Reserve Bank said on Thursday.

India's current account surplus

02 Sep 2016

Expect current a/c surplus of $4 billion in June quarter: Nomura

Japanese brokerage Nomura on Friday said the country is likely to post first quarterly current account surplus in nine years in the June quarter at USD 4 billion or 0.8 percent of the GDP.

India's current account deficit

19 Jan 2015

India may see current account surplus after 7 years: Nomura

Thanks to a steep fall in global crude oil prices, India may report its first current account surplus in over seven years at 1.5 percent of GDP in the ongoing quarter, leading brokerage Nomura said Monday.

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