Mumbai:
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 a news channel
In a separate interview with another channel, Dr Rajan said the central bank's action late on Monday to cut the marginal standing facility by 50 basis points to 9.0 per cent had no monetary policy implications.
Copyright: Thomson Reuters 2013
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