Branch² Intelligence
India's June Trade Deficit Stands At $30.4 Billion; Quarterly Exports Peak To Highest
Key takeaway
India's trade deficit widened to $30.4 billion in June, the highest quarterly exports on record.
- Step 1India's trade deficit widens to $30.4 billion in June, driven by higher crude and gold imports.
- Step 2Widening deficit puts depreciation pressure on the rupee, raising import costs for SMEs.
- Step 3RBI may hold rates or hike to defend the rupee, increasing SME borrowing costs.
- Step 4Export-oriented SMEs gain competitiveness, but domestic demand may soften due to higher rates.
Source: IN:NDTV Profit
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