https://www.taxtmi.com/news?id=1964 The quarter saw a moderation in the Current Account Deficit as exports grew faster than imports and net invisibles turned around. Stronger services receipts and slower invisibles payments raised net invisibles, while capital inflows moderated-chiefly due to lower net FDI and portfolio flows-offset partly by higher ECBs and NRI deposits. Capital account surplus nonetheless exceeded the current account deficit for the quarter, yielding a modest net accretion to foreign exchange reserves. Annual data show a wider trade deficit offset by higher net invisibles and increased net capital inflows. en-us Sun, 03 Jul 2011 21:21:37 +0530 Mon, 04 Jul 2011 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1964 The quarter saw a moderation in the Current Account Deficit as exports grew faster than imports and net invisibles turned around. Stronger services receipts and slower invisibles payments raised net invisibles, while capital inflows moderated-chiefly due to lower net FDI and portfolio flows-offset partly by higher ECBs and NRI deposits. Capital account surplus nonetheless exceeded the current account deficit for the quarter, yielding a modest net accretion to foreign exchange reserves. Annual data show a wider trade deficit offset by higher net invisibles and increased net capital inflows. News - Sun, 03 Jul 2011 21:21:37 +0530 https://www.taxtmi.com/news?id=1964