Photo: Business Recorder
Pakistani Rupee Falls Against USD Amid High Inflation In Country
The Pakistani currency is expected to have continuous fall against the US dollar due to high inflation in the nation. The rupee remained unstable due to wide trade deficit caused by global oil prices imports. Depreciated by 0.69% during the week, the Pakistani rupee closed at low record of 177.71 against the dollar, on December 10. Besides, the local unit lost Rs 25.72 against USD in the past seven months.
Tags: Pakistan, Currency, US Dollar, Inflation, Trade defecit
Courtesy: ANI
Photo: Republic World
Exports In India Increases By 45.76% In August, Says Report
The new export-import data released by the commerce ministry on September 14 showed that exports increased by 45.76% from USD 22.83 to 33.28 billion in August. The cumulative figure of exports between April-August 2021 also expanded by 67.33% from the previous year's USD 98.06 billion to USD 164.10 billion. However, imports rose by 51.72% to USD 47.09 billion in August, resulting in a trade deficit of USD 13.81 billion.
Tags: Exports, Imports, Commerce ministry, Trade defecit
Courtesy: Business Standard
Photo: Mint
India's Exports Clock At $30.21 Billion In April; Rises Amid Pandemic
Making huge increase the Indian exports for April month clocked at $30.21 billion surpassing the previous year's tally of $10.17 billion. Experts attributed strong demand and seamless economic activity behind the surge. However, the trade deficit stood at $15.24 billion as imports in the fiscal month increased by 165.99% year-on-year reaching $45.45 billion. Notably, while the exports dropped by 12.3% from March, the inbound shipment surged… read-more
Tags: Imports, Exports, Inbound shipment, India, fiscal deficit, Trade defecit
Courtesy: The Logical Indian
