Imports increased by 4.5 per cent, the highest growth in the last six months as crude oil and gold shipments shot up in the month.
Tag: TRADE DEFICIT
Economic Crisis: India’s Trade Deficit Widens To Over 5-Year High In June
Surge in oil imports and a weaker rupee further bruised the trade deficit.
Rupee Hits Fresh 15-Mth Low Of 67.32; Macro Headwinds, Crude Oil Hurt
This is the lowest closing for the rupee since February 7, 2017, when it had settled at 67.41 against the USD.