India Us Trade Deficit

At a session with Chinese and US trade ministers, Union Minister Piyush Goyal on Friday said India did not join China-led RCEP as its trade deficit would have widened and New Delhi's "heart" is with Washington, hinting at a trade surplus with the US.

The Indian rupee may further depreciate to 82 to a dollar in the near term due to widening of trade deficit and expected aggressive rate hike by the US Federal Reserve later this week to tame record high inflation, economists said.

India's rupee will trade near its historic low in three months, battered by widening trade and current account deficits, according to a Reuters poll where nearly one in three analysts expected it to weaken to 80 per dollar by September.

In 2021-22, the bilateral trade between the US and India stood at $119.42 billion as against $80.51 billion in 2020-21

The rupee extended its losses on Wednesday as the dollar strengthened after Federal Reserve Governor Lael Brainard said the US central bank needs to act and take inflation head-on.

After opening on a positive note, the rupee traded flat for a better part of the session before slipping into a negative territory. It finally settled at 71.74, registering a loss of 3 paise over its previous close. The domestic currency overlooked a host of encouraging factors including positive new on the US-China trade deal front, the government...

US President Donald Trump and Prime Minister Narendra Modi discussed reducing the US trade deficit with India and increasing their cooperation in Afghanistan in a telephone call on Monday, the White House said.

India's imports from China have been rising for a while with the deficit reaching $55.6 billion in 2017 compared to $48.19 billion in 2015.

China on Sunday urged the US to take more objective view of its pledge to take measures to bring down the bilateral trade deficit and said that the two countries should enhance strategic mutual trust and avoid "strategic mis-judgement".

The rupee gained 24 paise to 72.07 against the US dollar in early trade on Thursday amid falling crude oil prices and fresh foreign fund inflows, reported news agency Press Trust of India (PTI). The rupee, which has been Asia's worst-performing currency so far this year, gained as the dollar weakened against other currencies overseas, traders were ...

Indian Rupee Vs Dollar: After opening higher at 72.18 - its strongest level since September 21 - the rupee appreciated further by 67 paise against the US dollar in early trade on Wednesday, reported news agencies Press Trust of India (PTI) and Reuters. Rupee's gains came amid a collapse in crude oil prices which dropped to one-year lows. Besides, t...

The rupee, which opened weaker against the US dollar, further extended its fall to 73.79 on Tuesday. After opening at 73.74, the rupee fell 23 paise in early trade amid persistent foreign fund outflows and weak trading in the domestic stock markets. The American currency's increased demand from importers also weighed on the rupee, dealers were quot...

US Treasury praises India for being "exemplary" in publishing its foreign exchange market intervention.

Rupee Vs US Dollar: At the Interbank Foreign Exchange, the domestic currency opened higher at 73.79 but lost ground and fell to 73.92.

The rupee collapsed to hit a new low of 72.67 against the US dollar today, reported news agency Press Trust of India (PTI). The fall in the rupee is due to widening trade deficit and strong demand for the US currency from importers as the greenback strengthened against other currencies overseas on upbeat US jobs data, forex dealers were quoted as s...

At a session with Chinese and US trade ministers, Union Minister Piyush Goyal on Friday said India did not join China-led RCEP as its trade deficit would have widened and New Delhi's "heart" is with Washington, hinting at a trade surplus with the US.

The Indian rupee may further depreciate to 82 to a dollar in the near term due to widening of trade deficit and expected aggressive rate hike by the US Federal Reserve later this week to tame record high inflation, economists said.

India's rupee will trade near its historic low in three months, battered by widening trade and current account deficits, according to a Reuters poll where nearly one in three analysts expected it to weaken to 80 per dollar by September.

In 2021-22, the bilateral trade between the US and India stood at $119.42 billion as against $80.51 billion in 2020-21

The rupee extended its losses on Wednesday as the dollar strengthened after Federal Reserve Governor Lael Brainard said the US central bank needs to act and take inflation head-on.

After opening on a positive note, the rupee traded flat for a better part of the session before slipping into a negative territory. It finally settled at 71.74, registering a loss of 3 paise over its previous close. The domestic currency overlooked a host of encouraging factors including positive new on the US-China trade deal front, the government...

US President Donald Trump and Prime Minister Narendra Modi discussed reducing the US trade deficit with India and increasing their cooperation in Afghanistan in a telephone call on Monday, the White House said.

India's imports from China have been rising for a while with the deficit reaching $55.6 billion in 2017 compared to $48.19 billion in 2015.

China on Sunday urged the US to take more objective view of its pledge to take measures to bring down the bilateral trade deficit and said that the two countries should enhance strategic mutual trust and avoid "strategic mis-judgement".

The rupee gained 24 paise to 72.07 against the US dollar in early trade on Thursday amid falling crude oil prices and fresh foreign fund inflows, reported news agency Press Trust of India (PTI). The rupee, which has been Asia's worst-performing currency so far this year, gained as the dollar weakened against other currencies overseas, traders were ...

Indian Rupee Vs Dollar: After opening higher at 72.18 - its strongest level since September 21 - the rupee appreciated further by 67 paise against the US dollar in early trade on Wednesday, reported news agencies Press Trust of India (PTI) and Reuters. Rupee's gains came amid a collapse in crude oil prices which dropped to one-year lows. Besides, t...

The rupee, which opened weaker against the US dollar, further extended its fall to 73.79 on Tuesday. After opening at 73.74, the rupee fell 23 paise in early trade amid persistent foreign fund outflows and weak trading in the domestic stock markets. The American currency's increased demand from importers also weighed on the rupee, dealers were quot...

US Treasury praises India for being "exemplary" in publishing its foreign exchange market intervention.

Rupee Vs US Dollar: At the Interbank Foreign Exchange, the domestic currency opened higher at 73.79 but lost ground and fell to 73.92.

The rupee collapsed to hit a new low of 72.67 against the US dollar today, reported news agency Press Trust of India (PTI). The fall in the rupee is due to widening trade deficit and strong demand for the US currency from importers as the greenback strengthened against other currencies overseas on upbeat US jobs data, forex dealers were quoted as s...