Rising price of gold could mean falling current account deficit
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Rising price of gold could mean falling current account deficit

Mumbai : India | Aug 24, 2012 at 1:04 AM PDT
Source: Indian Express
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The rising gold prices coupled with falling imports of the metal will have a dampening effect on CAD, DK Joshi, chief economist Crisil, told The Indian Express. He said that in the current fiscal, CAD is likely to settle around 3.1-3.2 per cent of GDP against 4.2 per cent during the last fiscal. FULL ARTICLE AT Indian Express
 
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