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, Jan 29 (IANS) India remains the world’s largest recipient of remittances, with inflows reaching $135.4 billion in FY25, supporting stability in the external account, the Economic Survey 2025-26 said on Thursday.The share of remittances from advanced economies increased, reflecting a growing contribution from skilled and professional workers, said the Survey tabled by Finance Minister Nirmala Sitharaman in Parliament.A unified effort to reduce manufacturing costs is required for enha…
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…