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.
Published 3 months ago · India Photography News18 India

News Articles

More Filters
All
Left
Center
Right

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.

3 months ago·Mumbai, India
Read Full Article

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

3 months ago·India
Read Full Article

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,

3 months ago·United Kingdom
Read Full Article

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

3 months ago·India
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

75% of the sources lean Right
Reuters
Times of India
News18 India
Business Standard
C 25%
R 75%
See less detail