Chidambaram says current account gap may go up

Chidambaram says current account gap may go up

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.

India'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.

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