current account deficit

Sensex Plunges 2.16% As Geopolitical Tensions Spike and Oil Prices Surge Back Above $105 Domestic equity markets traded sharply lower on Monday, grappling with weak global sentiment. The primary catalyst for the sell-off was the failure of US and Iran peace talks to make progress. This...

Mumbai, April 10 The conflict in West Asia may impact India's remittance flow, as one-third of the inflows from the diaspora come from Gulf Cooperation Council countries, according to Crisil Ratings on Friday.The current account deficit can be adversely affected due to a reduction in the...

New Delhi, April 10 The Asian Development Bank (ADB) on Friday projected India's GDP growth to remain "robust" at 6.9 per cent in the current fiscal, and rise to 7.3 per cent in the next fiscal, driven by strong domestic demand, and supported by easing financing conditions and lower US tariffs...

New Delhi, April 7: Global geopolitical tensions are beginning to weigh on India's economic outlook, but the country is still expected to maintain steady growth, with GDP growth projected at 6.2 per cent for FY2027, a report said on Tuesday.The data, compiled by Morgan Stanley, projects...

Mumbai, April 7 The rupee depreciated by 17 paise to 93.07 against the US dollar in early trade on Tuesday, weighed down by continued withdrawal of foreign capital, a strong dollar, and higher crude oil prices amid a volatile geopolitical situation.Forex traders said the USD/INR pair remains...

New Delhi, April 6 – Moody’s Ratings maintained India’s sovereign credit rating at Baa3 with a stable outlook on Monday.In its latest report, the agency said India’s stable outlook reflects improving fiscal indicators since the pandemic and relatively resilient economic growth compared to...

New Delhi, April 6: India's economic growth is expected to remain robust despite rising global uncertainties, with GDP projected to expand at 6.7 per cent in FY27, a new report said on Monday.While ongoing geopolitical tensions in West Asia may present some challenges, data compiled by...

Mumbai, April 6 The rupee gained 33 paise to 92.85 against the US dollar in early trade on Monday, following the RBI's tightened rules to curb speculative positions, capping banks’ net open positions at USD 100 million, even as global developments continued to act as a risk.Forex traders said...

New Delhi, April 5 The country's gold imports rose by 28.73 per cent to USD 69 billion during April-February of the 2025-26 fiscal, due to the high prices of the precious metal, according to data from the Ministry of Commerce.Gold imports stood at USD 53.52 billion during April-February of the...

India GDP Growth Seen Slowing to 6.5% in FY27 Amid Energy Price Pressures: ICRA Growth Outlook Weakens on Rising Energy Costs and Global Uncertainty New Delhi, March 30: ICRA on Monday projected that India’s GDP growth will moderate to 6.5 percent in the financial year 2026 to 2027, down from...

Brent Crude and WTI Prices Rise Mumbai, March 26 – Global oil prices jumped to above $100 per barrel on Thursday following a statement from Iran indicating it was not in direct negotiations with the United States to end the conflict in the Middle East.Brent crude futures rose by 1.21 percent...

Crude Oil Prices Drop Amid Ceasefire Hopes, Offering Temporary Relief to India New Delhi, March 25 – International crude oil prices experienced a significant decline on Wednesday, driven by growing hopes for a ceasefire in the West Asia region. Brent crude futures fell by 7 per cent to a day’s...

S&P Global Ratings Raises India’s GDP Growth Forecast to 7.1 Percent New Delhi, March 25 – S&P Global Ratings on Wednesday raised India’s GDP growth forecast for the next fiscal year to 7.1 percent, citing robust private consumption, investment, and exports as key drivers. The rating agency’s...

India’s Current Account Deficit at Risk if Crude Oil Prices Rise, Says Report External Balance Outlook Hinges on Oil Price Movement New Delhi, March 21: India’s economic position remains stable despite rising fuel prices, but the trajectory of crude oil prices will play a decisive role in...

IEA Recommends Remote Work, Lower Speed Limits to Tackle Global Oil Shock Middle East Disruptions Push Oil Prices Above $100 per Barrel New Delhi, March 20 The International Energy Agency (IEA) has proposed a series of immediate demand-side measures such as remote working, reduced speed limits...

India’s Economic Fundamentals Strong as Exports Hold Steady, Says Piyush Goyal Services Growth and Stable Exports Support External Position New Delhi, March 17: Union Minister Piyush Goyal on Tuesday said that India’s economic fundamentals remain robust, supported by steady export performance...

Rupee Weakens Sharply at Monday Open The Indian rupee opened sharply weaker on Monday, hovering close to its all time low as a surge in crude oil prices and a broad risk off mood across global markets weighed on Asian currencies.The rupee opened at 92.20 per US dollar, compared with 91.74 in...

Indian Rupee Set to Breach 92 Per Dollar Amid US Israel Iran Conflict and Crude Oil Surge Rupee Poised for Lifetime Low in Early Trade The Indian rupee is expected to slip past the 92 mark against the US dollar in early trade on Wednesday, potentially hitting a fresh lifetime low. The...

Mumbai, February 24: The Indian economy is now defined by high, stable, and accelerating growth supported by predictable economic outcomes, according to Poonam Gupta, Deputy Governor of the Reserve Bank of India.Delivering the 14th Foundation Day Lecture at the Centre for Development Studies...

Gold Imports Rise to USD 50 Billion in April to December New Delhi, February 23: Finance Minister Nirmala Sitharaman on Monday said that the recent surge in gold prices is largely driven by significant purchases by central banks across the world. She added that while India’s gold imports are...