• SENSEX
    NIFTY 50
Economy

BofAML ups CAD forecast to 2.8% in FY19 on rising crude prices

Updated : September 25, 2018 08:00 AM IST

The widening current account gap is one of the major concerns which is putting pressure on the rupee, which has depreciated 13 percent against dollar this year.
Brent breached the $80 per barrel mark Monday and analysts at the American brokerage said they expect it to go up further to $95 by June 2019, which will put pressure on the current account.
The country's CAD widened to $15.8 billion or 2.4 percent of the GDP for the first quarter.
BofAML ups CAD forecast to 2.8% in FY19 on rising crude prices
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV