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india's biggest trade deficit in more than five years adds to rupee's woes




india’s trade deficit in july widened to the most in more than five years, worsening the outlook for the rupee that hit a record low on tuesday. the gap between exports and imports reached $18 billion in july, fanned by a higher oil import bill, according to data released by india’s commerce min...



rupee falls 55 paise to 64.04 a dollar amid deficit, oil price concerns




hit by a double whammy of rising global crude prices and worsening trade deficit, the currency market today witnessed a volatility with the rupee plummeting to end at a fresh two-week low of 64.04 against the us dollar. recording its biggest single-day crash in eight months, the indian currency toda...



rupee slips 30 paise to 64.21 against usd amid trade deficit concerns




the rupee plummeted 30 paise to end at a fresh one-week low of 64.21 against the us dollar today, hit by a double whammy of rising global crude prices and worsening trade deficit. this is its biggest fall since february 1, when it had lost 44 paise. overall, sentiment was weak after the country's tr...



gold could shine again | business standard column




the rupee has fallen across the board over the past three months. it has lost ground against the dollar, the euro, the yen (jpy) and the chinese renminbi (rmb). it has even lost value versus the pound (gbp), which is perhaps, the most surprising. the weakness has come about as a result of several tr...



rupee sinks to record low, breaches 69/us dollar level for first time




the rupee collapsed to a lifetime low of 69.10 against the us dollar, plunging 49 paise in early trade on thursday as rising crude oil prices deepened concerns about the country's current account deficit and inflation dynamics. consistent dollar demand from banks and importers, mainly oil refiners, ...



india says china promises to address $51-bn trade deficit concerns




china on monday promised to address india's concerns about the trade deficit between the two countries, the indian trade ministry said, adding that new delhi has also sought greater market access for products like rapeseed, soyabean, rice and sugar. visiting chinese commerce minister zhong shan "wel...



rupee becomes asia's worst-carry trade after $70 a bbl 'crude' shock




oil’s advance to the highest since 2014 is squeezing the carry-trade returns on the indian rupee to a point where they are the worst in asia. while the nation’s nominal yields are the second-highest in asia, rupee weakness is making the trade unprofitable. borrowing in dollars to invest in india...



strong rupee, weak exports hurt gdp growth




exports, which account for nearly a fifth of the economy, are turning out to be india’s achilles heel at present. exports growth has been anaemic in the past two years despite a strong show by asian rivals such as vietnam, bangladesh and the philippines. however, it would be difficult for the econ...



india-us trade estimated to touch $140 bn in 2017, says usispf survey




trade between india and the us is estimated to have jumped substantially from $118 billion in 2016 to $140 billion in 2017, according to an advocacy group that aims to promote bilateral trade. in 2016, india was the ninth largest trading partner of the us and one of the major countries with which am...



rupee headed towards 72 levels; it, pharma stocks to benefit, say analysts




after a firm opening, the rupee hit an all-time low of 70.1 per dollar on tuesday, as concerns of turkey’s economic crisis, triggered by plunging turkish lira, aided the dollar to gain against all major global currencies. the sell-off spilled over to other emerging-market currencies after the coun...



weak rupee not enough to tip the scale in favour of india's exports




a weak currency is good for exports. in india’s case, the script is not so straightforward. while the rupee is asia’s worst-performing major currency this year, a demand-killing trade war threatens indian exports that have already been hurt by policy disruptions over the past two years. history ...



growing trade deficit with china worries india




amid continuing india-china military stand-off in bhutan, new delhi on monday expressed its concerns over yet another irritant in its bilateral relations with the neighbouring communist country – the burgeoning trade deficit.“trade deficit with china is a matter of concern,” minister of state ...



india expresses concern over growing trade deficit with china




amid continuing india-china military stand-off in bhutan, new delhi on monday expressed its concerns over yet another irritant in its bilateral relations with the neighbouring communist country – the burgeoning trade deficit.“trade deficit with china is a matter of concern,” minister of state ...



worrying trend: india's export woes have little to do with global demand




worrying signals are flashing for indian exports, as growth slowed to 9 per cent in january 2018 from 12.3 per cent in december 2017, even as imports grew 26.1 per cent, widening the trade deficit to a four-and-a-half-year high of $16.3 billion. overall, india’s exports grew just 11 per cent in ap...



budget 2018: jaitley's speech, deficit data to decide rupee's fate in 2018




don’t let the rupee’s strength fool you, strategists say. the rally that boosted the currency to the strongest in 32 months will probably be short-lived.  the rupee is facing headwinds as elevated energy prices threaten to increase inflation and worsen public finances in a nation that imports m...



rupee sinks 17 paise to 64.67 on global woes




press trust of india  |  mumbai  april 12, 2017 last updated at 19:46 ist



us-china trade war: can it help india surmount its own trade deficit?




india’s trade deficit with china increased more than two-fold (219%) from $16 billion in 2007-08 to $51 billion in 2016-17, according to commerce ministry data. india’s imports ($61 billion) from china were six times its exports ($10 billion) in 2016-17, making rising trade imbalance a major con...



india's june exports up 17.57% at $27.7 bn; trade deficit at 43-month high




india's exports soared by 17.57 per cent to $27.7 billion in june but the trade deficit widened to a more than three-and a-half-year high of $16.6 billion due to costlier crude oil imports. imports too rose by 21.31 per cent to $44.3 billion during the month, according to the data released by the co...



indian interest rates: yields will depend on how banks resume gilt buying




last one year has been an exceptional year for indian interest rates. while policy rate viz. repo rate has been cut by 25 basis points, the official stance of monetary policy is neutral, and market yields have jumped more than 100 basis points. this behaviour could be the function of rising us yield...



rupee falls to fresh 1-month low, down 42 paise against dollar




the rupee declined by 42 paise to hit a fresh 1-month low of 67.54 per dollar in early trade on friday due to the appreciation of the american currency overseas and outflows of foreign fund.  besides, weakness in the domestic stock market weighed on the rupee at the interbank foreign exchange marke...



rupee at 19-month low, plunges 37 paise on oil scare, trade war worries




the embattled rupee today plunged by 37 paise or 0.54 per cent to settle at a 19-month low of 68.61 against the us dollar as growing crude oil prices fanned fears of a widening current account deficit and a spike in inflation. this is the lowest closing for home currency since november 24, 2016, whe...



presstv-us trade deficit with china jumps amid escalating war




the us trade deficit with china increased sharply in may, even as america’s trade gap as a whole dropped, underscoring the economic tensions between the world's two biggest economies.the us commerce department said friday that the may trade deficit -- the difference between what the us exports and...



rupee crosses 69-mark against dollar, sheds 8 paise in 3rd straight slide




the rupee fell 8 paise to trade at 69.03 against the us dollar in early trade on friday on appreciation of the american currency overseas and sustained foreign capital outflows.  this is the rupee's third straight slide, which dealers say is mostly due to demand for the us currency and a lower open...



as greenback strengthens overseas, rupee slips 5 p to 68.87 against dollar




extending losses for the second session, the rupee weakened by 5 paise to trade at 68.87 against the us dollar in early trade on wednesday on sustained capital outflows as the greenback strengthened overseas. forex dealers said besides increased demand for the us currency from importers, persistent ...



govt says no concern over rupee, analysts see no benefit for exports




as the rupee slid to its all-time low, the government tried to assuage sentiments on tuesday, saying that the fall in exchange rate was because of external factors and was not a cause of concern. “the rupee is depreciating because of external factors. there nothing at this stage to worry,” econo...