Canadian dollar strengthens, benchmark yields climb

The loonie was vend 0.6% high at C$1.2919 to the greenback, or 77.41 U.S. cents, after vend in a range of Canadian government 10-year bond yields rose 1.1 basis components to 3.313%.The Canadian dolla…

India records current account deficit (CAD) of 1.2% in FY22

Net FDI flows decreased from US$ 44.0 billion in 2020–21 to US$ 38.6 billion in 2021–22.Foreign case investment (FPI), primarily from the capital market.Net foreign direct investment (FDI) in the …

How the rupee’s slide will impact India’s economy

The CAD could tap 3% of GDP (vs CAD of 1.2% in April-Dec 2021) callable to high commodity bills and a descend in forex reserves, since it is being used to finance the deficit.The rupee came under pres…