India's CAD likely at 1.7% this fiscal, says report
Updated : March 24, 2018 12:54 PM IST
The global financial services major has raised its CAD forecast by 10 bps to 1.7% of GDP in 2017-18 and by 20 bps to 1.9% of GDP in 2018-19.
According to data released by the Reserve Bank on Friday, the CAD rose to 2% of the GDP at $13.5 billion in the December quarter
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