Published 2 years ago

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

Summary by Ground News

India's trade deficit could rise to as much as $300 billion in 2022-23 fiscal year. Current account deficit to about $140 billion, or 3.9% of the GDP. Spot forex reserves fell to $561 billion by end-August from $607 in end-March.

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Times of India

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.

2 years ago·India

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News18 India

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

2 years ago·India

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Reuters

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,

2 years ago·United Kingdom

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Business Standard

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

2 years ago·India

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