India's 2013/14 current account deficit likely to be $35 billion - FM

Last Updated: Mon, Mar 31, 2014 11:17 hrs

India's current account deficit is likely to be $35 billion in the current fiscal year, the finance minister said on Monday, much lower than about $88 billion recorded in the previous fiscal year.

India, desperate to trim a gaping current account deficit, took a slew of measures last fiscal year to curb demand for bullion, its second-biggest import after oil.

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