Gold, Oil And CAD


According to RBI data, the current account deficit for the first half of this fiscal (2012-13) stood at $38.7 billion, or 4.6 per cent of GDP, against 4 per cent during first six months of 2011-12. Exports recorded a sharp decline of 7.4%, while imports recorded a smaller decline of 4.3% leading to widening of the trade deficit However, the Union Finance … [Read more...]

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