[Ginga-argentina] Need health insurance? Start here

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Thu May 29 19:47:23 CEST 2014


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ccount deficit:NSJLMK CAD was the key reason why the rupee fell to 69- to-a-dollar levels. A current account deficit is when a country’s payments to other nations exceed the amount it EGRWRGreceives. In India, a high deficit is because of our dependence on imports – especially oil and gold. This has a direct VLPGPSWDimpact on the rupee. As the payments to other AJBENHHcountries are in foreign currencies, rupees have to be sold. An increase in selling subsequently leads to a fall in value. In the last five years, India’s current account deficit FQHSRSFP rose more than 10-fold. The government then announced large-scale measures to curb imports of gold. This led to theUYVWFJ CAD fall more than half in 2013-14 to $32.4 billion from the record high of $87.8 billion in 2012-13. When compared with the Gross Domesti




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