Ratings agency Moody's has said India's rising foreign direct investment provides stable financing of its current account deficit and is a credit positive, implying that it would count positively towards a ratings upgrade at the time of the review.
In the report " "Rising Foreign Direct Investment Provides Stable Financing of Current Account Deficit, a Credit Positive" Moody's says weakening remittances and services exports, two of the biggest source of forex inflow, could weigh on the current account deficit.
Complete news here
In the report " "Rising Foreign Direct Investment Provides Stable Financing of Current Account Deficit, a Credit Positive" Moody's says weakening remittances and services exports, two of the biggest source of forex inflow, could weigh on the current account deficit.
Complete news here
