Stock Market

India’s CAD jumps to USD 7.9 billion in Q3

Mar 24, 2017 08:15 AM IST | Source: CNBC-TV18

India’s Current Account Deficit (CAD) has shot up in Q3 due to a fall in remittances from Indian living abroad. The CAD rose to USD 7.9 billion, which is up from USD 3.4 billion in the previous quarter. Latha Venkatesh of CNBC-TV18 has more details.

India’s Current Account Deficit (CAD) has shot up in Q3 due to a fall in remittances from Indian living abroad. The CAD rose to USD 7.9 billion, which is up from USD 3.4 billion in the previous quarter. Latha Venkatesh of CNBC-TV18 has more details.