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Coronavirus impact: Barclays pegs $20 billion current account surplus in FY21
May 19, 2020 | By The Times of India
business
The last time the country had a current account surplus was in the first quarter of 2006-07, again due to the cheaper crude, according to an analysis by foreign brokerage Barclays on Tuesday.
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As imports continue to plunge due to the coronavirus-driven disruptions globally, India may end the current fiscal with a record surplus of about USD 20 billion or 70 bps of the GDP, says a report. The country has been perennially struggling with huge current
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