India's overall forex reserves to shrink further this year - Deutsche Bank

India's Forex Reserves May Decline Further, Says Deutsche Bank; Check Details

Deutsche Bank says India's trade deficit may rise to as much as $300 billion in the financial year 2022-23

India's overall forex reserves to shrink further this year: Deutsche Bank

India's overall foreign exchange reserves will deplete further this year due to a ballooning current account deficit and interventions by the central bank to support the rupee, Deutsche Bank said

India's overall forex reserves to shrink further this year - Deutsche Bank

MUMBAI - India's overall foreign exchange reserves will deplete further this year due to a ballooning current account deficit and interventions by the central bank to support the rupee, Deutsche Bank said on Wednesday. The country's trade deficit could rise to as much as $300 billion in 2022-23 fiscal year, pushing the current account deficit to about $140 billion, or 3.9% of the GDP,

India's overall forex reserves to shrink further this year, Deutsche Bank says

"If the current account deficit indeed rises to $140 billion, the overall BOP (balance of payment) deficit could be as large as $80 billion for FY23, as we are forecasting a capital account surplus of about $60 billion," said Kaushik Das, chief economist, India and South Asia, Deutsche Bank.