The average monthly trade deficit in this fiscal year to August has been about $26 billion, as against last year’s average of $16 billion The average monthly trade deficit in this fiscal year to August has been about $26 billion, as against last year’s average of $16 billion Research house Nomura expects India’s current account […]
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The trade deficit has doubled to $28.7 billion for August due to a 36.8% expansion in imports and a 1.2% decline in export earnings. The trade deficit has doubled to $28.7 billion for August due to a 36.8% expansion in imports and a 1.2% decline in export earnings. India’s current account deficit (CAD) will widen […]
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In July 2022, however, imports of the precious metal fell sharply by 43.6% to $2.4 billion, as per the latest data released by the Commerce Ministry. In July 2022, however, imports of the precious metal fell sharply by 43.6% to $2.4 billion, as per the latest data released by the Commerce Ministry. India’s gold imports, […]
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Shaktikanta Das said country’s current account deficit will be manageable and the central bank has the ability to manage the gap Shaktikanta Das said country’s current account deficit will be manageable and the central bank has the ability to manage the gap Reserve Bank of India Governor Shaktikanta Das on August 5, 2022 said the […]
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There is an expectation of further depreciation, which can lead to further capital outflows There is an expectation of further depreciation, which can lead to further capital outflows The rupee’s steep slide to the 79-to-a-dollar range is bound to impact importers, widen the current account deficit (CAD) and increase the value of India’s external debt […]
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Even as the Indian rupee has fallen sharply against the U.S. dollar, the rupee’s depreciation has been relatively lower unlike previous times Even as the Indian rupee has fallen sharply against the U.S. dollar, the rupee’s depreciation has been relatively lower unlike previous times The Indian rupee has depreciated by around 7% against the U.S. […]
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Country’s June trade deficit widened to a record high of $25.63 billion from $9.61 billion a year earlier Country’s June trade deficit widened to a record high of $25.63 billion from $9.61 billion a year earlier The Indian rupee hit a record low against the U.S. dollar on Tuesday as concerns of a wider current […]
Continue Reading“India’s gold demand is largely met through imports, which, at times when the rupee faces some weakness, exacerbates the issue,” said WGC “India’s gold demand is largely met through imports, which, at times when the rupee faces some weakness, exacerbates the issue,” said WGC The Centre’s move to increase the import duty on gold by […]
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