Sakshi Education
- India’s trade deficit widened to a record $31.02 billion in July, as imports of goods surged despite curbs and merchandise exports contracted for the first time in 20 months.
- The widening deficit is likely to exert pressure on rupee, which has been appreciating against the dollar in the past few days after touching a lifetime low of 80.16 two weeks ago. However, cooling commodity and energy prices on fears of a recession may temper any sharp depreciation of the rupee.
- While imports are expected to moderate on the back of easing commodity prices, a recession in the US and European markets may hurt exports, economists said.
Weekly Current Affairs (Sports) bitbank: Which nation will host the 2027 SEA Games?
>> Download Current Affairs PDFs Here
Download Sakshi Education Mobile APP
Published date : 05 Aug 2022 06:15PM
More Articles
