Angel Broking on 2QFY2014 CAD - Ms. Bhupali Gursale - Economist

"The sharp moderation in the CAD was largely expected owing mainly from the boost to export growth and also compression of import demand particularly gold imports. Owing to these factors we expect the CAD to moderate significantly for FY2014 as a whole to about 3.0% of GDP as against 4.8% of GDP in FY2013. We continue to believe that due to this improvement on the external front as well as measures taken by policymakers to attract capital inflows, the economy is likely to be more resilient to an imminent tapering of QE3 by the Federal Reserve."

Source : Equity Bulls

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