Wednesday, December 23, 2015

CAD NARROWS DOWN

The CAD has  narrowed down  to 1.6 per cent of GDP at $8.2 billion in the second quarter ended September, mainly due to lower trade deficit, according data released by RBI.

The July-September CAD is lower than USD 10.9 billion, or 2.2 per cent of GDP, in the same quarter of last fiscal. 

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