Tag: crude oil imports

Rupee rises 5 paise to 79.47 against U.S. dollar in early trade

Rupee rises 5 paise to 79.47 against U.S. dollar in early trade

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In the domestic equity market, the 30-share BSE Sensex was trading 0.46% up at 60,622.48 In the domestic equity market, the 30-share BSE Sensex was trading 0.46% up at 60,622.48 The rupee witnessed range-bound trading in early trade on Thursday as a firm American currency and concerns about hawkish U.S. Fed offset the support from […]

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Surge in oil imports widens trade deficit in April

Surge in oil imports widens trade deficit in April

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A surge in crude oil imports swelled India’s goods imports bill in April to $60.3 billion, a 31% growth, official data showed. With merchandise exports expanding 30.7% to $40.19 billion, the trade deficit widened last month to $20.11 billion, from March’s $18.5 billion. Meanwhile, India’s crude oil imports hit a record high in April, surpassing […]

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