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GOLD IMPORTS CURRENT ACCOUNT DEFICIT
Customs duty hike impact: Gold imports contract to USD 2.3 billion in AugustIndia’s gold imports declined significantly in August following an increase in customs duty, while silver imports rose sharply during the m...- Indian diaspora deposits boost capital account to $33.5 billion surplus in July, RBI data showsOverseas deposits from the Indian diaspora significantly boosted the country's capital account surplus. This inflow helped offset the overa...
- India’s current account deficit more than doubles to $7 billion in July as trade gap expandsIndia's current account deficit grew to seven billion dollars in July. This widening gap occurred as merchandise imports outpaced exports s...
- India's trade deficit narrows to $26.86 bn in August as gold imports plungeIndia’s merchandise trade deficit narrowed marginally to $26.86 billion in August from $27.2 billion a year earlier, as exports rose 26.1% ...
- Indians may heed PM Modi's gold message this festive season, with a twistIndia’s festive gold demand is likely to be stronger in value but weaker in volume this year as record prices, higher import duties and Pri...
- Commodity Talk| “The conversation is shifting from ‘Can I trade commodities?’ to ‘What role should commodities play?’: Sunil KatkeGold has already established itself as a strategic asset for Indian investors, but the opportunity is increasingly extending to silver, cop...
- India-China trade: The numbers behind the relationship as Xi visits DelhiChinese President Xi Jinping's visit highlights India-China trade's stark imbalance. India's imports from China vastly exceed its exports, ...
- Commodity Talk | Gold isn't the only story: Why copper, energy and other commodities are gaining portfolio relevance, says Dr. Joseph ThomasGold remains the traditional hedge against inflation and uncertainty, but the opportunity set is becoming much broader. Copper, for instanc...
- India's BRICS trade deficit likely to remain key challenge as imports outpace exports: ReportIndia's trade relationship with BRICS nations is set to experience a notable increase in its trade deficit, driven largely by rapidly risin...
- The BRICS trade boom has a $226 billion hole for IndiaThe dynamics of India's trade with BRICS nations have transformed, with imports outpacing exports and causing the trade deficit to reach $2...
- Illegal gold imports surge in India: Smuggled gold selling up to Rs 8,000 cheaper is distorting bullion market & hurting legitimate dealersSmuggled gold is distorting India's bullion market, impacting legitimate dealers and jewelers. Higher import duties have made the grey mark...
- India economy to regain its mojo, return to current account surplus: NITI Aayog's LahiriNITI Aayog Vice Chairman Ashok Kumar Lahiri stated the Indian economy is performing reasonably well. He anticipates the nation will soon ac...
- Savings account interest rates of up to 7%: Canara Bank, Bank of India, IDFC First Bank revise rates; check detailsCanara Bank, Bank of India, and IDFC FIRST Bank have announced updates to their savings account interest rates, which will take effect on S...
- PM Modi's call to cut gold purchases & 15% tax change India's import numbersModi’s renewed call to curb gold purchases comes as the government seeks to reduce India’s gold import bill and put some of the estimated 3...
- India's balance of payments likely to post $60-65 bn surplus in FY27 despite wider CAD: HDFC BankIndia’s balance of payments (BoP) is likely to post a $60-65 billion surplus in FY27, despite a widening current account deficit, HDFC Bank...
- India's banking system liquidity surplus hits over 4.5-year high at Rs 7.76 lakh croreIndia's banking system liquidity surplus has reached its highest point in over four years. This surge is attributed to record forex-inflow ...
- Gold imports may fall 15% in September after PM Modi’s call to curb purchasesGold imports may fall by fifteen percent this September, prompting Prime Minister Modi to call on citizens to restrict their purchases of t...
- PM Modi urges Indians to avoid buying gold to curb trade deficit and support rupeePrime Minister Modi renewed his appeal for Indians to avoid buying gold unless necessary. This call aims to curb bullion demand and ease ec...
- India’s current account deficit widens to $4.2 billion in Q1 FY27India's current account deficit reached $4.2 billion in the first quarter of the fiscal year. This widening was primarily driven by a highe...
- S&P retains India rating, keeps outlook stable on economic momentumLast year, S&P, the biggest of the global ratings firms, had raised its rating on India to 'BBB' from 'BBB-' after 18 years, citing the cou...
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