RBI: current account deficit seen falling in 2009/10
MUMBAI (Reuters) - India's current account deficit in the 2009/10 fiscal year will be lower than 2008/09 and foreign direct investment flows will continue to be reasonable, central bank deputy governor Rakesh Mohan said on Tuesday.
Latest data showed India's current account deficit blew out to its highest in 18 years in the December quarter as the global crisis hit Asia's third-biggest economy.
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