Chennai, Jan 2 (SocialNews.XYZ) Credit rating agency Acuite Ratings and Research has revised downward Indias current account deficit to $106 billion in FY23.
In a report released on Monday, Acuite Ratings said it is revising the forecast for the current account deficit to $106 billin from the earlier levels of $130 billion.
The Balance of Payment (BoP) deficit is estimated at $38 billion down from $60 billion estimated earlier, Acuite Ratings said.
According to the rating agency, the moderation in the monthly trade deficit and the softening of crude oil prices till now in Q3FY23 has made it to revise its earlier forecast as to current account deficit and BoP.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
