India reviews non-essential import curbs to support rupee
The Indian government is reviewing non-essential import restrictions to address a widening trade deficit of $28.4 billion in April and support the rupee, which fell to a record low of ₹96.5 per dollar. Discussions on this matter are set for next week.
pre-market1 source ↓written by the desknot a recommendation
- in April
- $28.4 billion
- per dollar
- ₹96.5
The Indian government is reviewing measures to restrict non-essential imports to reduce the merchandise trade deficit, which widened to $28.4 billion in April. The rupee hit a record low of ₹96.5 per dollar, prompting discussions on potential higher duties or selective restrictions. Any changes will aim to avoid disrupting critical supply chains.
Not investment advice. For informational purposes only.