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India's CAD eminently manageable this year: RBI

By Economic Times - 3 months ago
The Reserve Bank of India stated that the current account deficit (CAD) will remain manageable for the fiscal year. Despite a widened trade deficit in Q1 2024-25, strong services exports and remittance receipts should help keep CAD sustainable. India's external debt to GDP ratio also improved, underscoring a strong external sector.

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