The Indian rupee on Wednesday slipped past the 90 per dollar mark, a level that once felt distant but now reflects a long, uneven slide that has stretched across four decades. Wednesday’s breach came after months of pressure from weak capital flows, persistent importer demand and fresh hedging by companies worried that a softer currency … Read more
Mumbai: A narrower-than-expected trade deficit and higher services exports in January have prompted economists to scale down the current account deficit (CAD) estimates for FY24. Capital inflows through both foreign direct investment (FDI) and portfolio flows are expected to improve during the rest of the fiscal. But potentially higher foreign exchange inflows may not mean … Read more
New Delhi: India’s merchandise exports rose 6.21% year-on-year to $33.57 billion in October, while the trade deficit swelled to a record as imports surged, buoyed by strong consumer spending ahead of the festival season. Gold imports almost doubled. The gap between exports and imports widened to $31.46 billion on the back of a jump in … Read more
Led by petroleum products, gems and jewellery, and engineering goods, India’s exports rose 47.9% on-year to a record $35.17 billion in July. Preliminary data released by the government showed that India’s merchandise exports in July were an increase of 34% over July 2019. Imports were at the second highest at $46.4 billion, leaving a wider … Read more
India’s exports in April jumped nearly three-folds to USD 30.21 billion from USD 10.17 billion in the same month last year, according to commerce ministry’s preliminary data released on Sunday. Imports too rose to USD 45.45 billion last month as against USD 17.09 billion in April 2020. “India is thus a net importer in April … Read more