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ACs, Refrigerators And 17 Other Items To Get Costlier From 27 Sept

In order to reduce the widening gap in the current account deficit (CAD) and reduce pressure on the weakening rupee, the government has decided to increase basic customs duty on 19 "non-essential items" to curb their imports. These rates will be ...

Moody's Report Say Rupee's Fall To Not Rein In By Capital Inflows

As per the Moody's Investors Services report claims the Indian rupee's continuing devaluation cannot be brought to halt by just triggering inflows into the country. The investment firm's report came as a big negative for the Indian economy which saw rupee ...

Oil Price Rise To Affect India's Fiscal Deficit: Moody's

The ailing rupee which has been suffering due to the dollar's upbeat trajectory is likely to weigh highly negative for India's fiscal deficit. And as per credit agency, it is estimated to surpass the estimated target of 3.3% for the ongoing ...

Pressure Looms On Rupee As It Trades Past 68 Vs Dollar

A number of macro-factors that are currently into play are putting a downward pressure on the domestic unit and after settling marginally up at 67.99 against the dollar on Monday has again retreated lower by 4 paise to trade at 68.03. ...

Govt Mulls Cutting Down On Gold Import To Contain CAD

As it is the crude oil situation has aggravated fiscal deficit and hence CAD or current account deficit concerns, so to mitigate the risk at hand the government is mulling restricting gold imports into the country. Current account deficit is ...

Rupee Falls For Second Straight Session To 67.37 Against US Dollar

The Indian rupee opened lower in trade on Thursday at 67.33 against dollar, down by 7 paise versus its previous close of 67.28. Rising crude oil prices has dragged the currency lower for the second straight session due to fears of ...

Export Dips By Half In December; Trade Deficit Widens

After reporting the CPI and IIP data last week with concerns being raised for the former at 5% for December and cheer for the factory output which reached 17-month high levels of 8% for November month , the government on ...

Forex Reserves Jump To A Lifetime High Of $410 Billion

The forex reserves of the country not only logged the $400 billion mark but also hit a new lifetime high of $409.366 billion backed by an increase in assets in foreign currency. The foreign credit rating agencies including Moody's ...

Exports Register 30% Growth In November; Trade Deficit High

After the GST Council's efforts ease concerns around exporters refund, exports have gained momentum in the country. In the month of November, exports surged by 30.55% after declining 1.1% in the previous month. For the November month, the outbound shipment ...

Trade Deficit Gap Widens To $88 Billion: DBS Report

In a report today, DBS, a Singapore based financial major released trade deficit data for the country and reported a net 60% jump over the June-October period this year in comparison to the data in the corresponding period last year. Imports ...

Modi Govt To Announce Stimulus For Economic Revival

The government seeing the crisis the economy of our country is confronting is likely considering announcement of a bail out package to revive it. GST and demonetisation are largely being held responsible to affect the GDP levels which for the quarter ...

CAD Increases To $14.3 Billion Due To High Trade Deficit

The humongous rise in CAD in Q1 is primarily attributed to huge trade deficit and the current account deficit has only widened on a net basis substantially on a year on year basis which a year ago was $0.4 billion in ...

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