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US CURRENT ACCOUNT DEFICIT
US current account deficit widens 15.7% to $246 billion in Q2 on import surgeIn the second quarter, the US current account deficit increased by $33.4 billion, reaching $246.0 billion. The rise in imports of goods was...- As mortgage rates hit a 2-year high above 7%, here’s the updated mortgage rate forecast and why US homebuyers are pulling backThe cost of borrowing money to buy a house in the United States just crossed a critical psychological line. For the first time since May 20...
- In 1989, Jacksonville opened an automated train above downtown; in 2026, its free 2.5-mile Skyway with 8 stations is set to stop runningJacksonville’s Skyway, an innovative automated transit system, will cease operations due to a major budget deficit. The Jacksonville Transp...
- Rupee has scope to stabilise, appreciate: RBI deputy governor Poonam Gupta"One may think of the cumulative depreciation of the INR in the past year and a half to be a temporary phenomenon," she said. "If anything,...
- Rupee may not just stabilise, but appreciate from current levels: RBI Dy Guv Poonam GuptaRBI Deputy Governor Poonam Gupta mentioned the rupee could stabilize or appreciate after its recent depreciation. She highlighted India's p...
- Uday Kotak says India can become current account surplus nation: Asia's richest banker shares one golden formulaUday Kotak emphasized India's heavy dependence on gold imports, estimating a rise to $90 billion by FY27. He highlighted that excluding gol...
- Fitch upgrades Sri Lanka's rating to 'B-'Fitch Ratings upgraded Sri Lanka’s long-term foreign-currency default rating to ‘B-’ from ‘CCC+’ and maintained a stable outlook, citing ma...
- India growth seen moderating in second half of FY27 as inflation, liquidity pose risks: DBSIndia's economy may slow in the second half of fiscal 2027. Tighter financial conditions and higher energy prices will impact economic acti...
- Indian bonds steady as RBI rate hike expectations strengthenBond yields for Indian government securities showed little fluctuation as markets brace for ongoing liquidity withdrawals. Specifically, th...
- Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burdenChicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a mo...
- Crude above $100 may push India inflation to 6%, RBI could hike rates 50 bps: KotakThe elevated crude oil prices pose a direct threat to India's macroeconomic stability, with retail inflation projected to inch toward the 5...
- Uday Kotak lays out 7 priorities for Viksit Bharat, warns against economic complacencyVeteran banker Uday Kotak urged India to avoid complacency despite its strong global position, calling for tighter fiscal management, finan...
- Moody's raises India's FY27 economic growth forecast to 7% citing resilience, but warns of inflation risksMoody's Ratings increased India's economic growth forecast for fiscal year 2027 to seven percent. The agency cited the nation's resilience ...
- Uday Kotak calls for committee to address India's gold imports, sees FY27 bill at up to USD 90 bnUday Kotak urged India to address its substantial gold import bill. He projected gold imports could reach USD 88-90 billion by FY27. Kotak ...
- El Niño puts India on track for its driest monsoon since 2009India is set to face its driest monsoon in 17 years as El Niño effects reduce rainfall. This deficit threatens crop yields and increases fo...
- India’s August exports rise 26.1%, trade deficit narrows to $26.9 billionIndia’s merchandise exports jumped 26.1% year-on-year to $43.8 billion in August, accelerating from 19.6% growth in July, while slower impo...
- Goods exports up 26% in August, trade deficit eases: Engineering, petroleum products, chemicals and textiles lead shipments; US remains top marketIndia’s goods exports surged in August, driven by robust global demand, while the trade deficit narrowed to a five-month low as imports dec...
- Customs duty hike impact: Gold imports contract to USD 2.3 billion in AugustIndia’s gold imports declined significantly in August following an increase in customs duty, while silver imports rose sharply during the m...
- Indian diaspora deposits boost capital account to $33.5 billion surplus in July, RBI data showsOverseas deposits from the Indian diaspora significantly boosted the country's capital account surplus. This inflow helped offset the overa...
- India’s current account deficit more than doubles to $7 billion in July as trade gap expandsIndia's current account deficit grew to seven billion dollars in July. This widening gap occurred as merchandise imports outpaced exports s...
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