Rade Defict News Today

In the January-March quarter, Indias current account deficit was $1.3 billion, the Reserve Bank of India said

Korea was again hit by financial turmoil triggered by the U.S. aggressive monetary tightening. The Korean currency plunged to its lowest level against the U.S. dollar in 13 years and six months Friday after the U.S. Federal Reserve raised its key interest rate by 75 basis points for a third straight time.

Specter of twin deficits