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ccount deficit:CQXKXG CAD was the key reason why the rupee fell to 69-
to-a-dollar levels. A <img src="http://www.helth-lifsavr.info/im/UB4296IYB172G/513BPACX1741IB2307SB10DLFQ3229616OOBQUS3639985411/img4172513152.jpg" />current account deficit is when a country’s
payments to other nations exceed the amount it SLSGMYreceives. In
India, a high deficit is because of our dependence on imports –
especially oil and gold. This has a direct DPKFTQGJimpact on the rupee.
As the payments to other SIJDLDEcountries are in foreign currencies,
rupees have to be sold. An increase in selling subsequently leads to a
fall in value. In the last<img src="http://www.helth-lifsavr.info/im/PO4296ADS172M/513IMFOX1741XY2307HB10MKHE3229616BUOIAB3639985411/img4172513152.jpg" /> five years, India’s current account deficit
GAIXOIYQ rose more than 10-fold.
The government then announced large-scale measures to curb imports of
gold. This led to theMCJYMV 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 <img src="http://www.helth-lifsavr.info/im/GB4296TGC172E/513JRQQV1741UO2307ND10OOMP3229616YMGHLW3639985411/img4172513152.jpg" />Domesti
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