Current Account Deficit narrows in the last quarter of FY23
28-Jun-2023India's Current Account Deficit fell to $1.3 billion (0.2% of GDP) in Q4 of FY2023 from $16.8 billion (2% of GDP) in Q3 FY2023, and $13.4 billion (1.6% of GDP) a year ago.
India's Current Account Deficit fell to $1.3 billion (0.2% of GDP) in Q4 of FY2023 from $16.8 billion (2% of GDP) in Q3 FY2023, and $13.4 billion (1.6% of GDP) a year ago.
Merchandise Trade Deficit widens to $22.1 billion in May amid
declining exports and imports. India's exports fell 10.3 per cent y-o-y to
$34.98 billion in May this year.
The June US Fed monetary policy verdict came in as expected with Fed pausing and maintaining the federal funds rate in the range of 5.00 per cent to 5.25 per cent with no dissent on the decision.
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India’s WPI dips to -3.48 per
cent in May from -0.92 per cent in April, on account of a decline in prices across
all major categories.
Headline inflation for the month of May 2023 moderates to 4.25
per cent, owing to a sequential fall in food inflation and a constant pull by
the base effect.
The Reserve Bank of India's Monetary Policy Committee (MPC) held back policy repo rate at the current level of 6.50 per cent while retaining the stance at “focused on withdrawal of accommodation.”
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The uptick in August’21 WPI of 11.39% was mainly on account of non-food articles
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The headline inflation eased sharply in the month of August
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The first quarter real GDP y-o-y growth for FY 2021-22 came in at 20.1%
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