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Macronomics: Gold Hurts the Current Account Again, and a BoP Primer

RBI Released data on the Current Account and  shows us some elements that worry us.

We’ve gone “negative” net of Gold, again

One of the common complaints we have said is that because we import so much Gold, the current account is deeply negative. Last quarter when we analyzed the Current Account, we said that things have changed dramatically, that we are Positive, if you remove the influence of Gold Imports. Well, that has gone . . .

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