India's current account deficit to remain manageable in FY25, Rupee to remain in pressure: Bank of Baroda
- Posted on November 15, 2024
- By Business News Today
- 3 Views
India's current account deficit to remain manageable in FY25, Rupee to remain in pressure: Bank of Baroda
Bank of Baroda predicts India's current account deficit will remain manageable in FY25 and FY26 due to stable oil prices. However, a widening trade deficit, driven by increased oil and gold imports, poses a challenge. Despite export growth, the rupee is expected to weaken due to a strong dollar and capital outflows.
