India Current Account (USD) QoQ

Dollar retreats on intervention fears; ECB "crystal clear" over possible June cut

Latest Release

Mar 28, 2024

Actual

-16.80B

Forecast

-12.10B

-8.30B

Current account is the international flow of money for purposes other than investments. It offers a broad picture of how an economy is managing its finances with the rest of the world. If a country has a deficit in its current account it means that it has a saving deficit. The country is living above its means and is gradually becoming indebted to the world. The current account consists of the net total of: - (BOP) TRADE BALANCE: Export f.o.b. less Imports c.i.f. - (BOP) GENERAL GOVERNMENT: This covers all government current expenditure and receipts not appropriated to trade balance or to other transactions. - (BOP) TRANSPORT: Sea Transport and Civil Aviation: Receipts and payments for passenger fares, freight, charter hire, passage money, oil bunkers, airport charges and other disbursements. - (BOP) TRAVEL: The net value of Personal expenditure from tourism. - (BOP) FINANCIALS AND OTHER SERVICES - (BOP) INTEREST, PROFITS, AND DIVIDENDS - (BOP) TRANSFERS A higher than expected reading should be taken as positive/bullish for the INR, while a lower than expected reading should be taken as negative/bearish for the INR.

Importance:

Country:

Currency: INR

Source: Reserve Bank of India

Release Date	Time	Actual	Forecast	Previous
Mar 28, 2024	13:30	-16.80B	-12.10B	-8.30B
Mar 26, 2024 (Q4)	13:30	-10.50B		-11.40B
Dec 26, 2023 (Q2)	14:00	-8.30B	-9.00B	-1.30B
Sep 28, 2023	08:00	-9.20B	-8.90B	-1.30B
Jun 27, 2023 (Q1)	12:00	-1.30B		-16.80B
Mar 31, 2023 (Q4)	13:30	-18.20B	-23.00B	-30.90B

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Central Banks

Interest Rates

Next Meeting

CBN

24.75%

May 21, 2024

BOE

5.25%

May 09, 2024

ECB

4.50%

Jun 06, 2024

FED

5.50%

May 01, 2024

SNB

1.50%

Jun 20, 2024

RBA

4.35%

May 07, 2024

BOC

5.00%

Jun 05, 2024

RBNZ

5.50%

May 22, 2024

BOJ

0.10%

Apr 26, 2024

CBR

16.00%

Apr 26, 2024

RBI

6.50%

Jun 07, 2024

PBOC

3.45%

BCB

10.75%

May 08, 2024

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