India's current-account gap seen narrowing to less than US$70 billion

10/22/2013 | Economic Times (India), The

With strong growth in India's exports for the past two months, the country's current-account deficit should drop significantly below US$70 billion, said C. Rangarajan, chairman of the prime minister's Economic Advisory Council. The situation is also helped by recent stabilization in the rupee and renewed foreign investment as the U.S. Federal Reserve puts off tapering its bond-buying program, Rangarajan said.

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Economic Times (India), The

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