3.1. Components of Balance of Payments

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3.1. Components of Balance of Payments

There are two main accounts in the BoP – Current Account and Capital Account.

3.1.1. Balance of Current Account Balance of Current Account = Balance of Trade + Balance of Invisibles + Balance of Transfers BoT = Export of goods – Import of goods 3.1.2. Balance of Capital Account o Rupee Convertibility Negatives

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