As per the Reserve Bank of India (RBI) press report, dated 29th December, 2022:

"Net external commercial borrowings to India recorded an outflow of US$ 0.4 billion in the second quarter (2022-23)"

The above transaction will be recorded in the _______ account on ______ side of Balance of payments account of India. (Choose the correct alternative to fill up the blanks)

a) current, credit
b) current, debit
c) capital, credit
d) capital, debit


Solution





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