The Troubled Rupee
The Reserve Bank of India (RBI) likely sold dollars via state-run banks after the rupee slid to a record low on Thursday, several dealers said, as fears of foreign outflows from India are roiling domestic bond and stock markets. Full Article | Related Story
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November exports fall 4 percent, imports soar
NEW DELHI |
NEW DELHI (Reuters) - India's exports fell 4 percent to $22.3 billion in November, while imports jumped to $41.5 billion, leaving a trade deficit of $19.3 billion, a trade ministry official said on Tuesday.
Exports between April and November fell 6 percent to $189 billion.
Oil imports rose 16.8 percent to $14.5 billion, the official said.
(Reporting By Frank Jack Daniel)
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