Nomura flags rising current account deficit, says rupee could sink to 82 against dollar - Economic Times

India recorded a current account deficit of 1.2 per cent in FY22. Latest trade deficit data shows that exports growth moderated in June while imports remained elevated driven mainly by oil, gold and coal.

The current account deficit could widen further to 3.3% in FY23 from 1.2% in the previous fiscal amid concerns over its impact on an already depreciating rupee, Nomura said in a report. The rupee co… [+1441 chars]

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