Trade Deficit

India May Be Removed From US Currency Monitoring List Of Trading Partners

Business | Press Trust of India | Thursday October 18, 2018

US Treasury praises India for being "exemplary" in publishing its foreign exchange market intervention.

Rupee Weakens By 9 Paise Against US Dollar In Early Trade

Business | Press Trust of India | Tuesday October 16, 2018

Rupee Vs US Dollar: At the Interbank Foreign Exchange, the domestic currency opened higher at 73.79 but lost ground and fell to 73.92.

Trade Deficit At Five-Month Low Of $13.98 Billion In September

Business | Agencies | Monday October 15, 2018

Exports for the month of September declined 2.15 per cent as compared to the same period last year, according to government data released on Monday.

Government Considering More Import Curbs To Prop Up Rupee: Report

Business | Shruti Srivastava and Siddhartha Singh, Bloomberg | Thursday October 11, 2018

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.

Suresh Prabhu To Chair Inter-Ministerial Meet On Rupee, Trade Deficit

Business | Press Trust of India | Wednesday October 3, 2018

During the April-August period this fiscal, the country's exports recorded a growth of 16.13 per cent, while imports grew by 17.34 per cent.

Trade Deficit At $17.4 Billion In August, Exports Up 19.21%

Business | Press Trust of India | Thursday September 13, 2018

Earlier in May, the exports recorded a growth of 201.18%. The high trade deficit is one of the factors that dragged the rupee to below 70 levels.

Rupee Dives To New Lifetime Low Of 72.67 Against US Dollar: 10 Points

Business | NDTV Profit Team | Monday September 10, 2018

The rupee collapsed to hit a new low of 72.67 against the US dollar today, reported news agency Press Trust of India (PTI). The fall in the rupee is due to widening trade deficit and strong demand for the US currency from importers as the greenback strengthened against other currencies overseas on upbeat US jobs data, forex dealers were quoted as s...

Rupee Weakens For Seventh Straight Session To Close At Record 71.99 Against Dollar

Business | NDTV Profit Team | Thursday September 6, 2018

The rupee is down more than 12 per cent year-to-date. Concerns over the trade deficit and inflation, due to high oil and commodity prices, have prompted several foreign investors to exit long positions in the rupee, making it Asia's worst performing currency this year.

Rupee Collapses To Lifetime Low: 10 Things To Know

Business | NDTV Profit Team | Wednesday August 29, 2018

INR Vs USD: The Indian rupee was hurt by fresh demand for the American currency from importers, said traders.

Rising Trade Deficit A Bigger Worry Than Falling Rupee: NITI Aayog

India News | Press Trust of India | Wednesday August 22, 2018

NITI Aayog vice chairman Rajiv Kumar said on Tuesday that he was more concerned about the rising trade deficit than the falling rupee, and called for efforts to push exports.

Rupee Hits Fresh Record Low Of 70.32 Against US Dollar: 10 Points

Business | NDTV Profit Team | Thursday August 16, 2018

The rupee hit a fresh record low of 70.32 against the US dollar in early trade on Thursday. Experts believe that the rupee is unlikely to recover soon. Asia's currencies also remained under pressure, with the dollar holding near 13-month peaks as political turmoil in Turkey and concerns about China's economic health continued to support safe-haven ...

Trade Deficit Widens To Highest Level In Over 5 Years As Oil Imports Surge

Business | Thomson Reuters | Tuesday August 14, 2018

Merchandise exports last month rose to $25.77 billion from a year ago, while imports rose 28.81 percent to $43.79 billion, the Ministry of Commerce and Industry said in a statement.

Gold Imports Rise For First Time In 7 Months: Metal Consultancy GFMS

Business | Thomson Reuters | Monday August 13, 2018

For the first seven months of 2018, the country's gold imports fell 28 per cent from a year ago to 406.2 tonnes, data compiled by GFMS showed.

Amid Increase In US Export To India, Bilateral Trade Deficit Drops

India News | Press Trust of India | Saturday August 4, 2018

The United States' export to India in both goods and services has increased this year, resulting in substantial drop in trade deficit as compared with the last year, according to the latest official figures.

Trade Deficit With India To Be Reduced Soon, Says US Official Alice Wells

India News | Press Trust of India | Thursday July 26, 2018

The US wants to reduce its trade deficit with India as quickly as possible, a senior official told lawmakers here, asserting that the Trump administration is aggressively pushing New Delhi on the issues of medical devices, pharmaceuticals, dairy products and agriculture.