Banking & Finance

India’s current account deficit to stay at $10.1 bn in FY17: Citigroup

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India’s current account deficit is expected to stay comfortable at $10.1 billion in this financial year, largely on account of likely demand moderation post the demonetisation move, says a Citigroup report. Economic Times According to the global financial services major, the country’s current account could likely widen in fiscal year 2017­18 to $30 billion or 1.2 per cent of GDP.  “Incorporating the  October  data and...
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New currency notes in ATMs from Friday: Indian Government

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The new hard­ to ­fake Indian Currency denominations of Rs 500 and Rs 2,000 will be available at bank ATMs when they start operating again from Friday, Finance Secretary Ashok Lavasa said today.  “There are going to be some difficulties which they (people) will face but for their convenience, a number of steps have been...
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