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India's May Merchandise Trade Deficit Remains Manageable, But Headwinds Remain

  • Merchandise trade deficit improves to USD $10.4B in May, better than the USD $11B in April.
  • Imports fell 16.5% YoY, while exports fell 20%.
  • REER over-valuation of INR and slackness in global economy continue to drag down exports.
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Indian Rupee

India's Balance Of Payments At 5.7% Of GDP

  • India recorded a BoP surplus for the sixth consecutive quarter; Jan-Mar 2015 surplus was at US$30 billion.
  • BoP surplus is at 5.7% of nominal GDP, while current account deficit at 0.3% and merchandise trade deficit is at 5.3%.
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The death of cash

IF YOU were to ask me as to which is the single most important invention or discovery of all times, I will name two. The first is the Internet. 700 more words

Nostalgic INR

Nostalgic,we feel sometimes…Everyone around sometimes remember their good old days…I felt the same with our INR(India Rupees),now here I’m talking about those notes that we rarely see now-a-days..Have a look at them… :-) 9 more words



Uptrend in INDIA equities is running out of steam. Chart pattern suggests correction in the coming months if the index breaks down the 200-day exponential moving average at 27,300 levels. 136 more words


India's external debt increases in Q3 of 2014-15

Newsroom24x7 Desk

New Delhi: At end-December 2014, India’s external debt stood at US$ 461.9 billion – an increase by US$ 15.5 billion (3.5 per cent) over the level at end-March 2014. 353 more words


Rupee weakens by 6 paise against dollar in early trade

MUMBAI: The rupee fell by six paise at 62.32 against the dollar in ahead of schedule exchange on Wednesday at the Interbank Foreign Exchange because of valuation for the US cash abroad. 49 more words