Key Points
Foreign exchange reserves have rebounded from USD 524.5 billion on October 21, 2022 and now stand in excess of USD 600 billion taking into account our forward assets," said Das while announcing the key decisions of the Monetary Policy Committee (MPC) meeting.RBI.
Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday said India's current account deficit (CAD), which is a key external sector indicator, is expected to remain moderate in the January-March quarter (Q4) of 2022-23 (FY23) and also eminently manageable going forward...
The CAD had narrowed significantly to 2.2 per cent in the October-December quarter from 3.7 per cent of GDP in the preceding three months owing to lower merchandise trade deficit and robust growth in services exports...
"The CAD is expected to remain moderate in Q4:2022-23 and in the year 2023-24 at a level that is both viable and eminently manageable," said Das...
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