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Macronomics: We're CAD Positive Net of Gold!

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RBI released India’s current account numbers today and it has been a big positive surprise.

Firstly, the CAD came in at a tiny $1.2 billion. This has been the lowest in over four years.

As a % of GDP, we seem to have the CAD at a miniscule 0.2% of GDP. Again, a multi-year low.

For the full year . . .

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