Gold Silver Reports (GSR) – India current account deficit widened to 2.4 percent of the gross domestic product in April-June from 1.9 percent in the previous quarter, according to the RBI data released on Friday. That was mainly due to a higher trade deficit because of rising fuel prices.
The dollar inched higher against a basket of currencies following robust U.S. August jobs data and amid fears of a potentially major escalation in the China-U.S. trade conflict.
