India’s Current Account Surplus Rises To $19.8 Billion In June Quarter

India's Current Account Surplus Rises To $19.8 Billion In June Quarter

The country’s current account surplus rose to $19.8 billion or 3.9 per cent of GDP in the June quarter as merchandise imports declined amid the COVID-19 pandemic, the Reserve Bank of India said on Wednesday. The surplus came on top of a surplus of $0.6 billion (0.1 per cent of GDP) in the preceding quarter, the RBI added.

“The surplus in the current account in Q1 of 2020-21 was on account of a sharp contraction in the trade deficit to $10.0 billion due to steeper decline in merchandise imports relative to exports on a year-on-year basis,” RBI said in a statement. Net services receipts remained stable, primarily on the back of net earnings from computer services, RBI said.

Private transfer receipts, mainly representing remittances by Indians employed overseas, amounted to $18.2 billion, a decline of 8.7 per cent from their level a year ago, the central bank said.

Net foreign portfolio investment was $0.6 billion as compared with $4.8 billion in Q1 of 2019-20 as net purchases in the equity market were offset by net sales in the debt segment, RBI added.

The post India’s Current Account Surplus Rises To $19.8 Billion In June Quarter appeared first on Chop News.



from Chop News https://ift.tt/2EJaF0m

Comments

Post a Comment

Popular posts from this blog

Where To Find Undetected Black Ops Cold War Hacks? | RVCJS

Image
Black Ops Cold War hacks are highly popular and there’s absolutely no question about it. If you regularly play the game on PC, there’s no doubt you haven’t encountered at least a few players that have used said Cold War hacks. You’ve probably thought about using them too at least once or twice, but haven’t done so because of a fear of getting banned. Luckily, there’s now a great solution for that which we’ll be discussing more about today. This solution is undetected Cold War hacks.  The Key Points to Keep in Mind Hacks for Cold War are very popular, but it’s very risky to use them.  Once you get banned, there’s no chance of recovering your account, which is why undetected hacks are a necessity.  Not all ‘’undetected’’ are truly undetected. You have to clearly decide which of them you choose.  Battlelog.co is the most trustable cheat provider of all in this department, as they offer truly amazing undetected Black Ops Cold War hacks .    How and Where You Can Find Unde
Read more

Johnny Sins Gave A Savage Reply To Mia Khalifa’s Total Earning As An Adult Star | RVCJS

Image
Mia Khalifa is one of the most watched women across the globe. She is famous for her short stint as an adult actress. Mia worked in the adult film industry for only three months and created a name for herself in the industry. Recently, in an interview Mia revealed about her total income from the adult film industry as everyone believes the actress has earned millions from the industry. As the adult film stars gradually earn a good amount of money. Mia said, that people think that she has earned millions by working in the adult industry, but the truth is that she has earned only $12,000 (Rs 8.5 lakh) in three months. People think I’m racking in millions from porn. Completely untrue. I made a TOTAL of around $12,000 in the industry and never saw a penny again after that. Difficulty finding a normal job after quitting porn was… scary. Full interview here: https://t.co/xHK7SmhfrY pic.twitter.com/fwJlyzHznq — Mia K. (@miakhalifa) August 12, 2019 American adult star Johnny Sins
Read more

Jaydev Compares Cutting Beans With Pujara’s Ranji Final Innings, Gets A Hilarious Reply From Him | RVCJS

Image
The Indian cricketers are presently sitting inside their houses as the coronavirus outbreak has compelled each one of us to remain indoors to save ourselves from getting infected. While some players are getting active on social media networks and interacting with their fans or colleagues, several others are letting their fans know how they are spending time in the 21 days lockdown period. Indian cricketer Jaydev Unadkat under whose captaincy the Saurashtra team won the Ranji Trophy recently took to the micro-blogging site Twitter and posted a photo in which he showed the vegetables that he chopped. He also wrote heartwarming message for his mother as she has done such things infinite times but never showed off. Jaydev Unadkat’s tweet read, “By, Yours truly.. To, The Mother.. (who does it infinite times without any such show-off & appreciation)  #QuarantineLife” By, Yours truly.. To, The Mother.. (who does it infinite times without any such show-off & appreciation) #Quara
Read more