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The latest trade data showed shipments to the US, United Arab Emirates, and Singapore fell steeply in April, with engineering goods, textiles, gems and jewellery exports lower compared to the same month last year.
A favourable base effect is expected to drag down retail inflation below 5 percent for the first time since November 2021, according to a Moneycontrol survey. And for the second month in a row, a favourable base effect will likely be the strongest driver of disinflation
India's currency reserves are at secure level due to RBI, dollar - India's foreign exchange reserves are at an agreeable level currently, assisted by the Reserve Bank of India's persistent intervention...
MUMBAI (Reuters) - India's foreign exchange reserves are at a comfortable level currently, benefiting from the Reserve Bank of India's persistent intervention and the likelihood of less volatile revaluation changes, economists said. | 04:23am
Good exports for February have been revised higher by almost $3.1 billion, according to the newspaper, going from $33.9 billion to about $37 billion. The import bill for February was revised to go up by over $1.93 billion.