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Current Account Deficit reduces from $21.8 billion to $16.8 billion

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A sharp reduction in the current account deficit (CAD) from $21.8 billion in the last quarter of 2011-12 (January-March 2012) to $16.8 billion in the first quarter of the current year (April-June 2012) appears to have brought some joy to macroeconomic planners….Read More

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