1. HSBC lowers India�s CAD forecast for FY�14 to 3.4%i. Global financial services major HSBC today lowered India�s current account deficit (CAD) forecast for this financial year to 3.4 per cent of GDP from 4.1 per cent earlier.ii. HSBC said the country�s CAD is at an unsustainable level, and expected to gradually decline in the coming years and in 2014-15, it is likely to be at 3.2 per cent of
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