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Current account deficit to narrow to 0.5% of GDP

India’s current account deficit may narrow to 0.5 per cent of GDP in 2016 from 0.7 per cent in 2015 owing to lower commodity prices, particularly oil, says a report. “Given lower oil prices, we expect the current account deficit to narrow to 0.5 per cent of GDP...
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MF Investment in Equities Hits Rs 70,000 Crore in 2015

New Delhi: Mutual fund houses continued to be bullish on the equity markets in 2015 and purchased shares worth a staggering more than Rs 70,000 crore, primarily on account of strong participation from retail investors. This is on top of Rs 23,843 crore already being infused in the...
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