What global factors influence India's forex reserve levels? | In Focus podcast
In Focus by The Hindu
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Current Account Deficit
The current account deficit as a percentage of GDP could go well up to 4% as per some estimates. We would still expect the foreign portfolio flows to remain negative and given the global interest rate environment that we have your ECB is the external commercial borrowing could also not be as robust as they were last year. This year we'll be happy if we are able to garner anywhere between 15 and 20 billion dollars on net, says Ravi Agrawal.
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