Exports for October 2018 at $26.98 billion vs 27.95 billion for sept-18, imports at $44.11 billion vs $41.93 billion, trade deficit at $ 17.13 billion vs $13.98 billion at the end of previous month, oil imports $ 14.21 billion vs $10.91 billion and gold imports at $ 1.68 billion vs $2.59 billion at the end…
India imports nearly 220 MMT of crude oil, which converts to nearly 1.5 billion barrels, depending on the specific gravity of the crude. The average price of the Opec basket was $52.5 a barrel in 2017, which was 30 per cent higher than the average price of $40 a barrel in CY2016. The oil continued…
September Exports down 2.2%Yoy at $ 27.95 billion, Imports up 10.5%at $ 41.93 billion YOY….. Trade deficit at $ 13.98 billion vs $ 9.40 billion YOY, Gold Imports at $ 2.59 billion up 51.5% YOY…. Oil Imports up 33.16% at $ 10.91 billion
The government on Friday indicated that it may curb non-essential imports in the weeks ahead and take steps to boost exports besides announcing a number of measures to shore up the rupee and control the current account deficit. The five steps announced following a meeting chaired by Prime Minister Narendra Modi to review the state…
India April-June current account balance at -2.4% balance at $-15.8 billion and BOP deficit at $ -11.3 billion Last quarter current account deficit was 1.9% now 2.4% . Reason currency depreciation