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India Current Account (USD) QoQ

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India Current Account (USD) QoQ

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Latest Release
Sep 30, 2024
Actual
-9.70B
Previous
4.60B
Current account is the international flow of money for purposes other than investments. It offers a broad picture of how an economy is managing its finances with the rest of the world. If a country has a deficit in its current account it means that it has a saving deficit. The country is living above its means and is gradually becoming indebted to the world. The current account consists of the net total of: - (BOP) TRADE BALANCE: Export f.o.b. less Imports c.i.f. - (BOP) GENERAL GOVERNMENT: This covers all government current expenditure and receipts not appropriated to trade balance or to other transactions. - (BOP) TRANSPORT: Sea Transport and Civil Aviation: Receipts and payments for passenger fares, freight, charter hire, passage money, oil bunkers, airport charges and other disbursements. - (BOP) TRAVEL: The net value of Personal expenditure from tourism. - (BOP) FINANCIALS AND OTHER SERVICES - (BOP) INTEREST, PROFITS, AND DIVIDENDS - (BOP) TRANSFERS A higher than expected reading should be taken as positive/bullish for the INR, while a lower than expected reading should be taken as negative/bearish for the INR.
Importance:
Country:
Currency: INR
Source: Reserve Bank of India
India Current Account (USD) QoQ
 
Release Date Time Actual Forecast Previous
Sep 30, 2024 (Q2) 06:30 -9.70B   4.60B
Jun 24, 2024 (Q1) 06:30 5.70B   -8.70B
Mar 28, 2024 06:30 -16.80B -12.10B -8.30B
Mar 26, 2024 (Q4) 06:30 -10.50B   -11.40B
Dec 26, 2023 (Q2) 07:00 -8.30B -9.00B -1.30B
Sep 28, 2023 01:00 -9.20B -8.90B -1.30B

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Current Account (USD) Discussion

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