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Government announces steps to check rising Current Account Deficit, fall in rupee

The Union Government has announced a host of measures to check the rising Current Account Deficit (CAD) and the fall in rupee. The CAD widened to 2.4 per cent of the country's gross domestic product (GDP) in the first quarter of 2018-19 from 1.9 per cent in the fourth quarter of 2017-18.



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