Current account deficit narrows to $4.6 billion in Q4 FY19: RBI

July 01, 2019 |
|
Banking
Current account deficit narrows to $4.6 billion in Q4 FY19: RBI

India's current account deficit (CAD) totalled 4.6 billion dollars or 0.7 per cent of the GDP in the fourth quarter (January to March) of 2018-19, the Reserve Bank of India (RBI) said on Friday.

It narrowed from 13 billion dollars or 1.8 per cent of the GDP in Q4 of 2017-18 and 17.7 billion dollars or 2.7 per cent of the GDP in the preceding quarter.

Related Articles

© 2019 Financial Views. All Rights Reserved