Pressure on rupee more imminent


Sliding even more sharply, the current account deficit was recorded at $1.19 billion in January 2017, compared to $1.02 billion in December 2016. The dip came on the back of 7.3 per cent (month on month) increase in trade deficit and 6 per cent (month on month) decline in January 17 remittance flows. Consequently, the Read More