CAD to be financed without drawing much from reserves: Rajan

September 20, 2013 18:36

Reserve Bank Governor Raghuram Rajan today exuded confidence that the country will be able to finance the current account deficit without drawing down much from the forex reserves.

"We are fairly confident that we can finance this year's CAD without a substantial draw down in the reserves," Rajan said after his first monetary policy review.

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