Mumbai, March 2 (IANS) India’s current account deficit (CAD) stood at $13.2 billion, or 1.3 per cent of GDP, in the third quarter (October–December) of the financial year 2025–26, according to the RBI’s preliminary data on the balance of payments released on Monday.The deficit stood at $11.3 billion, or 1.1 per cent of GDP, in the corresponding quarter of the previous financial year.The merchandise trade deficit increased to $93.6 billion in Q3FY26 from $79.3 billion a year earlier. Within t…
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New Delhi, Dec 23 (IANS) In real effective terms, the Indian rupee remained stable in November, as depreciation of the INR in nominal effective terms was offset by higher prices in India compared to its major trading partners, according to the Reserve Bank of India’s (RBI) December Bulletin.The rupee depreciated against the US dollar in November, pressured by the strengthening of the US dollar, muted foreign portfolio flows, and uncertainty surrounding the India-US trade deal.“The volatility…