India's current account deficit in 2011's final quarter hit $19.6B, a near doubling from 2010...

|By:, SA News Editor

India's current account deficit in 2011's final quarter hit $19.6B, a near doubling from 2010 (nice visual here). "The trade deficit widened and capital inflows fell far short of financing requirement, resulting in significant drawdown of fx reserves," says the RBI. Indian shares last night, +2%. EPI +2.7%.