MUMBAI: India’s current account deficit widened sharply last quarter, a factor that could pressurise the rupee before an expected reduction in US stimulus in coming months.
The shortfall was US$14.3 billion April-June, or 2.4% of gross domestic product, the Reserve Bank of India said in a statement last Friday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!