# Surprise Narrowing in India Current Account May Support Rupee - Bloomberg

> India's current account deficit narrowed by more than expected, driven by a smaller goods trade gap. The data was seen as supportive for the rupee.

- Date: 2017-06-15 · published 2017-06-15T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/70791-surprise-narrowing-in-india-current-account-may-support-rupee-bloomberg
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A narrower deficit reduces pressure on the rupee, which can ease the cost of dollar-priced imports such as feed ingredients for Indian buyers.

## Read by commodity

- USDINR: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-06-15/surprise-narrowing-in-india-current-account-may-support-rupee

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.