Home Business India’s CAD will widen to 2.5% of GDP in current fiscal: Moody’s

India’s CAD will widen to 2.5% of GDP in current fiscal: Moody’s

By
Lucky Jain
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398
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(G.N.S) Dt. 19 New Delhi Rupee last week dropped to a record low of 70.32 to a US dollar as political turmoil in Turkey and concerns about China’s economic health continued to support safe-haven assets and weighed on emerging market currencies. India’s current account deficit (CAD) will widen to 2.5

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