Live! Chidambaram cautions markets against excessive exuberance

November 01, 2013 16:20

India's current account deficit is likely to be $60 bln or less, finance minister P. Chidambaram said Friday, thanks to rising exports, along with measures taken by the government to control imports and encourage investment inflows. He also cautions markets against "excessive exuberance".

The Sensex rose to an intra-day high of 21205.44 compared to the all-time high of 21206.77 recorded in January 2008. The bench-mark index gained by130.55 points to close at 21164.52.

He said gold imports in October rose slightly to 23.5 tonnes. Chidambaram also expects momentum that was seen in exports to continue until the end of March. -- Reuters

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