Trade deficit at a record $38bn

Record trade deficit adds to rupee's challenges, may open to all-time low
The Indian rupee may slip to an all-time low on Tuesday with the currency, already under pressure from slowing growth, choppy equity flows and a dollar rally, will have to contend with an unexpected widening in trade deficit to a record high.
Trade deficit widens to record high
Engineering exports grew 13.7% to $8.8 billion, electronics exports were up 54.7% at $3.4 billion, rice exports increased 95.1% to $1.1 billion as trade curbs were removed.
India’s Trade Deficit Widens to Record as Gold Demand Soars
India’s trade deficit expanded to a record high in November, as the nation’s import bill ballooned, particularly due to a rise in gold shipments.
Rupee hits record low on widening trade deficit, weakness in local equities
The Indian rupee weakened to its lifetime low on Tuesday, hurt by concerns about a widening trade deficit and likely outflows from local equities, although intervention by the central bank capped losses.
Widening trade deficit pushes Indian rupee to all-time low of 84.93
Indian rupee touched an all-time low in the early trade on December 17 after India's merchandise trade deficit widened to record high. Indian rupee touched a record low of 84.93 against the US Dollar in early trade, as compared to 84.90 at open and 84.87 close on the previous trading session.
India's trade deficit hits record high of $37.8B in November
India 's trade deficit hit a record high of $37.84 billion in November, up from $27.1 billion in the previous month. The spike can largely be attributed to an 8.35% year-on-year (YoY) increase in imports between April and November, while exports only rose by a meager 2.17% during the same period, according to government data.
US trade deficit shrinks on decline in imports
The U.S. trade deficit contracted sharply in October as imports declined by the most since late 2022, potentially positioning trade to contribute to economic growth in the fourth quarter.
India’s trade deficit at a record $37.8 billion in Nov as gold imports spiral
India's trade deficit widens in November 2024 due to record gold imports, impacting exports and current account deficit.
India's merchandise trade deficit widens to a record $37.8 bn in Nov
India’s merchandise exports contracted 4.85 per cent to $32.1 billion in November while imports increased by 27 per cent to $69.95 billion, leading to a record trade deficit of $37.8 billion, commerce department data showed on Monday.
Surge in gold imports pushes India's Nov trade deficit to record levels
India's merchandise trade deficit in November stood at $37.84 billion, according to a Reuters calculation based on export and import data released by the government on Monday.
India's Trade Deficit At All-Time High Fueled By Gold Imports, Service Exports Outpace Goods For First Time This Year
Goods imports surged by 28 per cent to $69.95 billion in November, up from $54.48 billion a year ago. In contrast, goods exports contracted by 4.83 per cent, falling to $32.11 billion compared to $33.74 billion during the same period last year.
Services exports continue to ease India’s trade deficit woes
At a time when India’s merchandise trade deficit widened to a historical high in the last month, services remained resilient ...
What Trump’s pledge to redo his own trade agreement with Canada and Mexico could mean
President-elect Donald Trump’s frequent calls for new tariffs on foreign goods may have overshadowed another massive ...