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India's current account slips into $2 billion deficit in May as trade gap widens
India's financial landscape shifted in May, marked by a current account deficit alongside a narrower capital account deficit. The total balance of payments registered a $4.4 billion deficit, mainly due to a substantial merchandise deficit of $27.9 billion, overshadowing service surpluses and remittances. Furthermore, foreign portfolio investors began to temper their divestments in the local markets, with the central bank noting an outflow in foreign direct investment.
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economictimes.indiatimes.com
India's June trade deficit jumps 59% YoY to $30.43 bn
India's merchandise trade deficit widened to $30.43 billion in June from $28.21 billion in May, even as goods exports rose 15.5% year-on-year to $40.41 billion. In the April-June…
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newsbytesapp.com
India's trade deficit widens to $30.4B in June
India's trade deficit expanded to $30.43 billion in June, up from $28.21 billion in May, driven by a 15.5% year-on-year rise in goods exports to $40.41 billion.
