India can easily manage current-account deficit, Rajan says

09/22/2013 | Hindu (India), The

India's current-account deficit this year can be financed without too much harm to foreign exchange reserves, central bank Governor Raghuram Rajan said. "The finance minister's math, which the RBI collaborated, suggests CAD could come down to US$70 billion or even below that. The financial measures we put in place should raise more than that amount of money," Rajan said.

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Hindu (India), The

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