Sunday, November 27, 2022

trade deficit

India’s trade deficit hits record$30 billion as exports struggle

India’s trade deficit widened to a record $30 billion in July as exports grew at a much slower pace compared to imports, data released by the commerce and industry ministry showed on Friday.Merchandise exports declined to a five-month low...

High oil prices, trade deficit to subdue rupee

High Crude oil prices along with a wider monthly trade deficit is expected to subdue the Indian rupee in the coming week.Accordingly, the rupee is expected to seesaw between 74.50 to 75.59 to a greenback.Lately, the Brent-indexed Crude oil’s...