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Falling value of crude to help contain current account deficit: R. Gopalan

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Inside an IKEA store in Stockholm, Sweden
Inside an IKEA store in Stockholm, Sweden
Declining prices of crude oil in the international market is good news for India as it will help contain the current account deficit (CAD) and ease pressure on rupee, a senior finance ministry official said today."There is a feeling that the CAD is going to get reduced, thanks to the crude prices going down," economic affairs secretary R. Gopalan told reporters on the sidelines of a Ficci event.International crude oil prices have dec...
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