Reuters: Money News: Annual current account gap at record 4.8 percent of GDP

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Reuters: Money News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

Annual current account gap at record 4.8 percent of GDP Jun 28th 2013, 01:19 MUMBAI (Reuters) - India's current account deficit hit a record high 4.8 percent of gross domestic product in the fiscal year that ended in March, fuelled by rising imports of oil and gold, but was lower than an expected gap of 5 percent, giving a boost to the battered rupee.

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