March 6: Recent data points to a drop in current account deficit (CAD) for the October-December quarter. CAD has shrunk to a four-year low of $4.1 billion or 0.9% of the GDP. The reducing current account gap has had a positive effect on the currency as well. Anupriya Nair shares a quick update on how the money markets are faring today. Also, Harsha Subramaniam speaks to K. Harihar of First Rand Bank to gather his readings on the declining CAD.