High Current Account Deficit (CAD) means, there is a mismatch in demand and supply of foreign currency. There is higher demand for foreign currency (mainly US dollar) compared to supply. Thus the currency will depreciate. In this case, sometimes RBI intervenes by supplying foreign currency from its reserve to meet the demand. Thus it will lead to decrease in Foreign Exchange reserve of RBI. Deficit or surplus in Current Account does not have any direct impact on Growth rate of an economy.
Which of the following automobile companies has signed an MoU with the US motor Ford India Private Limited (FIPL) for the acquisition of FIPL Sanand man...
Report on Performance Grading Index for States/UTs is released by?
Which of the following is not associate to swimming?
Prime Minister Narendra Modi has launched a special series of coins, which denominations do not have the Azadi Ka Amrit Mahotsav (AKAM) design.
Who introduced the Ryotwari System in British India, and what was its primary characteristic?
Recently, who has been roped in as the Prime Minister of Malaysia?
Google is going to set up its first cloud region in which country to make it aa world cloud computing hub?
Which country is not crossed by the Equator?
The solvency requirement set by IRDAI for surety bonds is:
‘Doctor Apke Dwar’ a Mobile Health Clinics (MHC) was inaugurated by the Union Minister of Power and New & Renewable Energy, R.K. Singh in the ____...