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Indian Current-Account Gap Widens to Largest in a Year

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India’s current-account deficit widened more than estimated to the largest since the quarter through June 2013 as exports slowed and gold imports surged.

The July-September shortfall in the broadest measure of trade widened to $10.1 billion from $7.8 billion the previous quarter, the Reserve Bank of India said in a statement yesterday. That compared with a $9.4 billion median estimate in a Bloomberg survey of 16 economists. The gap amounts to 2.1 percent of gross domestic product, lower than the level the central bank considers sustainable.