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    <title>Factors Responsible for Widening of Current Account Deficit</title>
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    <description>The CAD widened in Q4 of 2016-17 because the trade deficit increased as merchandise imports rose more than exports, with higher imports of Petroleum, Oil &amp; Lubricants and gold and silver the principal contributors; the CAD nonetheless remained modest and within manageable limits while the Government and central bank continue to monitor the external situation and calibrate policy responses.</description>
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