A huge jump in gold imports pushed up the trade deficit to USD 13.24 billion during the month under review from USD 4.84 billion a year ago.
A huge spike in gold imports pushed the trade deficit to USD 10.43 billion during the month under review from USD 4.4 billion a year ago.
The country's current account is likely to be in surplus in the first quarter of this financial year, says a Citigroup report.
After rising for the first time in 18 months in June, exports shrank again in July, contracting 6.84 per cent due to decline in shipments of engineering goods and petroleum products.
India's exports contracted 13.6 percent in January - 14th month in a row - to USD 21 billion due to a steep fall in shipment of petroleum products and engineering goods amid tepid global demand.
The improvement in manufacturing for the month of June from 2.9% in 2014 to 4.6% in 2015 will also support exports in coming months as there is a lead time between manufacturing growth and exports.
Gold imports fell 19 percent month-on-month to USD 1.97 billion, the third successive month of decline without any policy measures being the cause for it
Forex - Australian dollar weaker after prices survey, trade data
Gold remains in negative territory after U.S. claims, trade data
Exports in October hit lowest level since March 2014. It fell to USD 26.09 billion from USD 28.90 billion last month.
Ananth Narayan of Standard Chartered Bank maintains a cautious stance on the rupee in spite of numerous positives such as narrowing of trade deficit data, declining oil prices, increase in FII flows pinned with prospect of further inflows.
The fall in banks post IndusInd Bank‘s weak asset quality dampened party mood created by Infosys‘ Q3 numbers and December trade deficit data.
Seasonally adjusted month-on-month (M-o-M) momentum of exports has slipped 8 percent and if this trend continues, it may not upset the applecart in terms of CAD, but it will hamper growth, say Sajjid Chinoy, Chief India Economist, JPMorgan.
Imports in November fell to USD 33.83 billion versus USD 37.83 billion in October. It was down 16.37percent at USD 33.83 billion (Y-o-Y).
Japan's exports rose a stronger-than-expected 18.6 percent in October from a year before, notching up the fastest gain in over three years. The trade data also showed Japan's imports rose 26.1 percent in October, compared with market expectations for a 19 percent rise. The trade balance stood at a deficit of 1.09 trillion yen.
Imports fell 6.2 percent from a year earlier to USD 38.1 billion, the trade ministry said on Monday citing provisional trade data.
Oil, copper and Asian shares rose on Friday after China's strong trade data set the scene for economic recovery, although investors opted to book profits before next week's Chinese new year holidays, limiting gains.
China's exports grew at a slower pace than forecast in August while imports surprisingly fell, underlining the mounting challenge facing Beijing's policymakers as domestic demand flags while the global economic outlook darkens.
After April's weak jobs report, investors will scrutinize each piece of economic data for a read on whether the economy`s soft patch is temporary or the start of something more troubling.
Oil prices fell on demand fears in Asia today after a weak batch of trade data from China, the world's biggest energy user, analysts said.
Chetan Ahya, managing director of Morgan Stanley tells CNBC-TV18 that RBI is most likely to hike rate by 25 bps today.He expects inflation at 7-8% in the first quarter of this fiscal and the nation is likely to see 7.7% economic growth, year-end.