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Economy and Politics

The Reserve Bank has said the widening current account deficit (CAD) could pose a risk to the economy if the global trade and capital flows to the country shrink further.

 
 
Prime Minister Manmohan Singh also emphasises that the nation must guard against the mood of negativism.
The rupee on Wednesday bounced back to settle at 49.15/16, a gain of 14 paise against the US currency on fresh dollar selling by exporters and firm equities.
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