Rajan sees 2013/14 current account deficit at $70 billion
MUMBAI (Reuters) - India could reach a current account deficit of $70 billion in the year ending March 2014, said Reserve Bank of India Governor Raghuram Rajan during an interview with CNBC-TV18.
In a separate interview with Bloomberg TV, Rajan said the central bank's action late on Monday to cut the marginal standing facility by 50 basis points to 9.0 percent had no monetary policy implications.
(Reporting by Suvashree Dey Choudhury; Editing by Subhranshu Sahu)
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