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Current account gap may go up: Chidambaram

June 27, 2013 16:36 IST

India's current account deficit may widen because of money outflows, Finance Minister P. Chidambaram said on Thursday, after data showed a lower-than-expected current account gap for the quarter ended March 31.

Finance Minister P ChidambaramIndia's March quarter current account deficit was $18.1 billion, or 3.6 percent of GDP, below the $21.7 billion deficit a year earlier, the Reserve Bank of India said.

Manoj Kumar in New Delhi
Source: REUTERS
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