March Trade Deficit

The Indian rupee could drop to 84-85 to the dollar by March due to rising crude oil prices, high trade deficit and depleting foreign exchange reserves.

Indias overall exports inclusive of merchandise and services sectors in March 2022 is estimated to be $63.99 billion

India's merchandise trade deficit in March touched $18.51 billion

India's trade deficit rose 88 per cent in the 2021-22 fiscal year, but that data is yet to reflect the full impact of the Russia-Ukraine war, noted analysts at Nomura.

In year-on-year growth terms, India's exports grew 60 per cent, 196 per cent, 69 per cent and 48 per cent in March, April, May and June respectively.

Imports also grew by 53.74 per cent to $48.38 billion in March, but dipped by 18%to $389.18 billion during 2020-21.

Trade Deficit In March 2021: Merchandise export in March was $34 billion, compared to $21.49 billion over the corresponding period last year, registering a growth of 58.23 per cent.

Lower trade deficit was one of the prime reasons for the improvement in the current account balances both for the March quarter as well as for the whole fiscal year.

In result, the country's trade deficit widened to $176.42 billion for the entire fiscal year, compared to $162 billion in 2017-18, data showed.

US President Donald Trump said on Friday a trade summit with Chinese leader Xi Jinping was likely next month, and hailed two days of "very good talks" by negotiators.

The government is trying to curb overseas shipments to prevent a further widening of the current-account deficit and stem the fall of the rupee. The currency, which has been plummeting for six straight months in the longest stretch since 2002, is seen hitting 75 per dollar by year-end, according to median of 10 analysts surveyed by Bloomberg.

Merchandise exports for April rose 5.2 per cent to $25.9 billion from a year ago.

The rupee (INR) today fell 29 paise against the US dollar (USD) to close at 65.49, a more than six-month low. The rupee traded in the range of 65.50 to 65.32 against the greenback earlier in the session. The rupee's closing of 65.49 on Monday marks the weakest closing level against the US dollar since October 3, when the Indian currency had ended ...

Merchandise exports in March fell for the first time in five months, government data shows.

According to rating agency ICRA, the imports surge was led by restocking, as well as marriage and festive season demand.

The Indian rupee could drop to 84-85 to the dollar by March due to rising crude oil prices, high trade deficit and depleting foreign exchange reserves.

Indias overall exports inclusive of merchandise and services sectors in March 2022 is estimated to be $63.99 billion

India's merchandise trade deficit in March touched $18.51 billion

India's trade deficit rose 88 per cent in the 2021-22 fiscal year, but that data is yet to reflect the full impact of the Russia-Ukraine war, noted analysts at Nomura.

In year-on-year growth terms, India's exports grew 60 per cent, 196 per cent, 69 per cent and 48 per cent in March, April, May and June respectively.

Imports also grew by 53.74 per cent to $48.38 billion in March, but dipped by 18%to $389.18 billion during 2020-21.

Trade Deficit In March 2021: Merchandise export in March was $34 billion, compared to $21.49 billion over the corresponding period last year, registering a growth of 58.23 per cent.

Lower trade deficit was one of the prime reasons for the improvement in the current account balances both for the March quarter as well as for the whole fiscal year.

In result, the country's trade deficit widened to $176.42 billion for the entire fiscal year, compared to $162 billion in 2017-18, data showed.

US President Donald Trump said on Friday a trade summit with Chinese leader Xi Jinping was likely next month, and hailed two days of "very good talks" by negotiators.

The government is trying to curb overseas shipments to prevent a further widening of the current-account deficit and stem the fall of the rupee. The currency, which has been plummeting for six straight months in the longest stretch since 2002, is seen hitting 75 per dollar by year-end, according to median of 10 analysts surveyed by Bloomberg.

Merchandise exports for April rose 5.2 per cent to $25.9 billion from a year ago.

The rupee (INR) today fell 29 paise against the US dollar (USD) to close at 65.49, a more than six-month low. The rupee traded in the range of 65.50 to 65.32 against the greenback earlier in the session. The rupee's closing of 65.49 on Monday marks the weakest closing level against the US dollar since October 3, when the Indian currency had ended ...

Merchandise exports in March fell for the first time in five months, government data shows.

According to rating agency ICRA, the imports surge was led by restocking, as well as marriage and festive season demand.