cad

The Indian rupee, close to a historical low of ~80 per US dollar, has lost 7% from the start of 2022 — but the pace of depreciation has been far less dramatic compared with the effects of the two large global shocks in the 2010s. From a…

NEW DELHI: In view of rising pressure on government finances due to the cut in taxes on fuel, the Centre needs to manage subsidies more strictly and in a targeted manner, official sources said. The government had on May 23 cut excise…

India’s current account deficit (CAD) will deteriorate in 2022-23 on account of costlier imports and tepid exports on the merchandise account, if recession concerns in the west do not lead to a sustained and meaningful reduction in the…

India's current account deficit is expected to deteriorate in the current fiscal on account of costlier imports and tepid merchandise exports, according to the Finance Ministry's monthly economic review. The review released on Thursday…

The launch of international trade in Indian rupees could lead to annual savings of $30-36 billion in hard currency and widen the scope for such trades with countries in the region, easing pressure on the exchange rate, experts told ET.…

The country's current account deficit is likely to touch USD 105 billion or 3 per cent of the GDP this fiscal, mainly due to continuously widening trade deficit, according to a report. In the report on Tuesday, Bank of America (BofA)…

India's trade deficit swelled to a record $25.63 billion in June driven by imports of petroleum, coal and gold, and slow exports, raising concerns about a further slide in the rupee and a bigger current account deficit (CAD). Official…

The Centre’s raft of measures to improve the trade balance will unlikely arrest the rupee’s fall with India's current account deficit, or the excess of imports over exports, set to more than double in FY23. While the export duty on oil…

Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal. Effective from June 30, the Union Finance…

Mumbai: Finance minister Nirmala Sitharamanhas said that the Indian currency is better placed compared to its peers and the forex markets were experiencing global spillovers. On Thursday, the rupee ended weaker for the third consecutive…