India's merchandise trade deficit went up to $27.98 billion in August, up from $11.71 billion for the same month in 2021.
While total exports during last fiscal year increased to a record high of USD 417.81 billion, imports too soared to USD 610.22 billion, leaving a trade gap of USD 192.41 billion.
Mumbai: Higher crude oil prices and gold imports widened India’s current account deficit (CAD) to $19.1 billion during the second quarter of 2018-19 from $15.9 billion in the preceding quarter and $6.9 billion in the corresponding period of 2017-18, the Reserve Bank of India (RBI) data showed on Friday. “India’s CAD at $19.1 billion (2.9 […]
Mumbai: Wider trade deficit, along with recent outflow of foreign funds, weakened the Indian rupee to a fresh record low during the early morning trade session on Thursday. At 9.45 a.m., the rupee traded at 70.18-19 after it had plunged to 70.32-33 — the lowest ever — against the greenback. On Tuesday morning, the Indian […]
Washington: The US has put on hold its plan to impose sweeping tariffs on Chinese products as it presses forward with negotiations to reduce its trade deficit with Beijing, a top priority of President Donald Trump. US Treasury Secretary Steven Mnuchin said on Sunday that the two countries had made progress as they concluded three […]
Washington: President Donald Trump warned his Chinese counterpart, Xi Jinping, that Washington’s trade deficit with China “has continued to grow” and that the situation “is not sustainable,” the White House said on Tuesday. Trump and Xi spoke by telephone late on Monday in Washington, when it was already Tuesday morning in Beijing, and also discussed […]
Beijing: The Chinese government on Sunday urged US President Donald Trump to analyse the trade deficit with Beijing on the basis of international standards, after he signed two executive orders to combat trade abuses of other countries. On Friday, Trump ordered the Commerce Department to carry out what he called the first major review of […]
Washington: US President Donald Trump on Friday will sign two executive orders aimed at combating foreign trade abuses that contribute to the country’s half-trillion-dollar trade deficit, officials said. Commerce Secretary Wilbur Ross and National Trade Council Director Peter Navarro said the Trump administration will launch a wide-ranging review of the US trade deficit with the purpose […]
Mumbai: India’s current account deficit (CAD) widened to $16.9 billion during the third quarter of 2018-19 from $13.7 billion reported in the corresponding period of 2017-18, the Reserve Bank of India (RBI) data showed on Friday. However, on a sequential basis, the Q3 CAD moderated from a higher level of $19.1 billion reported in the […]