India Balance of Trade
In the years after 1980, India has experienced prolonged trade deficits, which have been primarily caused by the rapid rise in imports, particularly of mineral fuels, oils and waxes, and bituminous substances, as well as pearls, precious and semi-precious stones, and jewelry. Most recently, China, Switzerland, Saudi Arabia, Iraq, and Indonesia were the countries with the largest trade deficits. India has surpluses in trade with the United States, the United Arab Emirates, Hong Kong, the United Kingdom, and Vietnam.
A higher than expected figure should be seen as positive (bullish) for the INR while a lower than expected figure should be seen as negative (bearish) for the INR.
News (INR)
India Private Sector Growth Strongest In 4 Months
India's private sector grew the most in four months in December as there were quicker increases in output at both manufacturers and service providers, flash data compiled by S&P Global showed on Monday. The HSBC composite output index registered 60.7 in December, up from 58.6 in November. A score above 50.0 indicates expansion.
RTTNews | 6 days ago
India Names Sanjay Malhotra As New RBI Governor
The Indian government on Monday named a top bureaucrat Sanjay Malhotra as the new governor of the Reserve Bank of India. Malhotra, who is currently the revenue secretary in the Ministry of Finance, will take charge from December 11 for a period of three years. He will succeed Shaktikanta Das who has held the post since 2018.
RTTNews | 12 days ago
India Keeps Rates Unchanged, Lowers CRR To Boost Liquidity
The Reserve Bank of India left its key policy rates unchanged for the eleventh straight session and maintained a neutral stance, but its move to cut the cash reserve ratio by 50 basis points to infuse liquidity signaled that policymakers are more concerned about the growth outlook than inflation. RBI Governor said the committee voted 4-2 to maintain the policy repo rate at 6.50 percent.
RTTNews | 16 days ago
