News Karnataka
Thursday, December 01 2022
Business

India’s Q2 CAD widens to $7.2 bn

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Mumbai: India’s current account deficit (CAD) widened to $7.2 billion in the second quarter of 2017-18, from $3.4 billion reported in the corresponding period in 2016-17, Reserve Bank of India (RBI) data showed on Wednesday.

However, on a sequential basis, the Q2 CAD narrowed sharply from $15 billion reported for the preceding quarter.

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