trade deficit

Mumbai, April 6 The rupee gained 33 paise to 92.85 against the US dollar in early trade on Monday, following the RBI's tightened rules to curb speculative positions, capping banks’ net open positions at USD 100 million, even as global developments continued to act as a risk.Forex traders said...

New Delhi, April 5 The country's gold imports rose by 28.73 per cent to USD 69 billion during April-February of the 2025-26 fiscal, due to the high prices of the precious metal, according to data from the Ministry of Commerce.Gold imports stood at USD 53.52 billion during April-February of the...

New Delhi, April 3 India's exports have maintained a strong pace despite global challenges, and are expected to show positive growth in 2025-26, a senior official from the Ministry of Commerce said on Friday.Data on exports and imports for the month of March and the full 2025-26 fiscal year...

New Delhi, April 2 The government has announced measures to help exporters mitigate the impact of the West Asia crisis, and more decisions are being considered, Commerce and Industry Minister Piyush Goyal said on Thursday.The US-Israel attack launched on Iran in February has disrupted shipping...

India-China Trade Talks Highlight Rising Trade Deficit New Delhi, March 27 – Commerce and Industry Minister Piyush Goyal met his Chinese counterpart Wang Wentaoon Friday to discuss trade-related issues, amid a widening trade deficit between the two countries. The meeting took place on the...

EU to Demand WTO Reforms Amid China Trade Concerns Brussels, March 25 – The European Union will address the issue of China’s exports impacting European industries at the World Trade Organization (WTO) meeting in Cameroon this week, according to EU Commissioner for Trade and Economic Security...

S&P Global Ratings Raises India’s GDP Growth Forecast to 7.1 Percent New Delhi, March 25 – S&P Global Ratings on Wednesday raised India’s GDP growth forecast for the next fiscal year to 7.1 percent, citing robust private consumption, investment, and exports as key drivers. The rating agency’s...

New Delhi, March 23 The government on Monday restored full benefits under the RoDTEP scheme to exporters until March 31 amidst the ongoing West Asia crisis disrupting global trade.Last month, the government halved the rate of duty benefits under the Remission of Duties and Taxes on Exported...

New Delhi, March 23 The government on Monday restored full benefits under the RoDTEP scheme to exporters amidst the ongoing West Asia crisis disrupting global trade.Last month, the government halved the rate of duty benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP)...

Gold Futures Plunge to Rs 1.36 Lakh Amid Inflation Fears and Strong US Dollar Gold prices experienced a significant decline in futures trading, dropping by Rs 8,089 to Rs 1.36 lakh per 10 grams on Monday. This sharp decrease follows a global sell-off driven by rising inflation concerns and a...

Indian Stock Market Extends Weekly Losses Amid Geopolitical Tensions and FII Outflows Benchmarks End Fourth Straight Week in Red Despite Late Recovery Mumbai, March 21: Indian equity markets closed lower for the fourth consecutive week, weighed down by persistent selling pressure and rising...

Pakistan Faces Rising Energy Risks as Oil Prices Surge Amid Middle East Tensions Strait of Hormuz Concerns Intensify Pressure on Import-Dependent Economy New Delhi, March 20 – A sharp rise in global oil prices, driven by escalating geopolitical tensions in the Middle East, has heightened...

Rupee Hits All-Time Low of 92.40 Against US Dollar Amid Oil Surge and FII Outflows Indian Currency Extends Losses as Global Pressures Mount Mumbai, March 17: The Indian rupee weakened further on Tuesday, slipping 12 paise to close at a record low of 92.40 against the US dollar, as rising crude...

India’s Merchandise Exports Slip Slightly in February; Trade Deficit Widens to $27.1 Billion India’s merchandise exports recorded a marginal decline in February, while imports rose sharply, pushing the country’s trade deficit higher, according to government data released on Monday, March 16...

Indian Rupee Opens Weaker as Crude Oil Surge Sparks Import Cost Concerns The Indian rupee opened lower against the US dollar on Thursday as a sharp rise in global crude oil prices triggered fresh concerns about India’s import costs and external balance.The domestic currency began the session...

India to Defend PLI Schemes at WTO Panel After China Flags Compliance Concerns India on February 25 said its measures to promote domestic manufacturing in the automobile and renewable energy sectors are fully compliant with global trade norms and will be strongly defended before the dispute...

WTO Sets Up Dispute Panel After China Challenges India’s PLI Schemes in Auto and Renewable Sectors China Escalates Trade Dispute Over India’s Incentive Measures New Delhi, February 24: The World Trade Organization has established a dispute settlement panel following a complaint by China against...

New Delhi, February 24: The government on Tuesday clarified that the recently reduced rates and value caps under the Remission of Duties and Taxes on Exported Products scheme do not apply to agricultural and processed food exports.The clarification comes a day after duty benefit rates under...

DGFT Caps RoDTEP Rates at 50% With Immediate Effect New Delhi, February 23: The government has reduced the rate of duty benefits under the Remission of Duties and Taxes on Exported Products scheme, commonly known as RoDTEP, by half with immediate effect. The move has triggered concern across the...

Rupee Closes Higher at 90.69 Against US Dollar, Gains 5 Paise on Equity Strength and Softer Crude The Indian rupee strengthened on Tuesday, closing 5 paise higher at 90.69 against the US dollar on a provisional basis. The domestic currency drew support from firm equity markets and easing global...