India's current account deficit was reduced by credit rating firm Acuite Ratings and Research to $106 billion in FY23.
Acuite Ratings stated in a report issued on Monday that it is lowering its previous prediction for the current account deficit from $130 billion to $106 billion.
Acuite Ratings estimates the Balance of Payments (BoP) deficit at $38 billion, down from $60 billion previously estimated.
According to the rating agency, the moderation in the monthly trade deficit and the softening of crude oil prices till now in Q3FY23 has made it to revise its earlier forecast as to current account deficit and BoP.
Filmy Chase By Gujarat Cop To Nab Smuggler Caught On Camera In Udaipur; Accused Manages To Escape After Gunfire (VIDEO)
Ventive Hospitality And Marriott International Sign Deal For 7 New Hotels, Including Ultra-Luxury Ritz-Carlton Reserve In Sri Lanka
The Binge Town Expands Footprint With New Theatres In Mumbai & Other Cities
Gold Jumps ₹550 On Fresh Buying, Silver Stays Flat For Third Straight Session
