Trade deficit in October stood at $27.1 billion and experts polled by news agencies Reuters and Bloomberg had estimated November's figure to be around $23 billion. The rupee closed at a record low on Monday, falling 0.1% to 84.8712 per dollar.
Overall, the data released on Monday showed, goods exports in November declined 4.85% to $32.11 billion from $33.75 billion a year ago. Imports, however, surged by 27% to $69.95 billion compared to $55.06 billion in November 2023, mainly due to record gold imports.
Gold imports jumped a staggering 332% to $14.86 billion in November 2024 compared to $3.44 billion in the same period last year. This surge came despite a 26.26% fall in gems and jewellery exports to $2.06 billion, suggesting gold imports were mainly for domestic consumption rather than value addition for exports, according to an expert who requested anonymity.
Petroleum product exports contracted sharply by 49.7% to $3.72 billion in November 2024, on account of softening international oil prices, though India's petroleum exports grew in quantitative terms.
This story is from the December 17, 2024 edition of Hindustan Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 17, 2024 edition of Hindustan Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Justice Yadav appears before SC collegium
NEW DELHI: The Supreme Court collegium on Tuesday convened a meeting with Justice Shekhar Kumar Yadav of the Allahabad high court, a rare intervention that was meant to address the latter's controversial remarks at a Vishwa Hindu Parishad (VHP) event earlier this month.
'One election' bill tabled in House, may be sent to JPC
NEW DELHI: The Union government on Tuesday introduced in the Lok Sabha two bills aimed at ushering in simultaneous state and national elections amid loud protests by the Opposition, taking the first step towards implementing sweeping changes in the way polls are conducted in the world's largest democracy.
'Like Tendulkar is for cricket, Zakir Hussain was for classical music'
As the world of Indian classical music mourns Ustad Zakir Hussain, who died on December 15, few feel the loss as deeply as musician Aditya Kalyanpur.
WHY INDIA LOVES BRAND AYUSHMANN KHURRANA
Actor Ayushmann Khurrana is considered one of India's most relatable youth icons, something that is reflected in the diverse brands he endorses.
When Chay flew to Mumbai for his first date with Sobhita
Following their wedding on December 4, actor-couple Naga Chaitanya and Sobhita Dhulipala have opened up about their relationship for the first time.
How the challenge of batting in Oz changed
KOOKABURRA RELEASED A REDESIGNED BALL FOR TESTS IN 2021 THAT WAS SUPPOSED TO MAKE THE GAME MORE EXCITING, BUT IT HAS ONLY MADE BATTING MORE DIFFICULT
Grit in the tail frustrates the hosts, India avoid follow-on
Like in 2021, there was defiance in the damp air of Gabba as Deep and Bumrah steer India towards a likely draw on Day 4
New Zealand crush England by 423 runs to send retiring Southee out on a high
New Zealand tore through England's batting on Tuesday to crush the visitors by 423 runs in the third Test and send Tim Southee into retirement on a triumphant note.
Jhulan Goswami stand: Another historic moment at Eden Gardens
At 6.58 pm on a misty winter evening near the Eden Gardens change rooms, Jhulan Goswami took the stage. And said she was speechless.
DDCA head Jaitley calls it mandate for hard work
Newly elected president of Delhi and District Cricket Association (DDCA) Rohan Jaitley on Tuesday promised to build a new cricket stadium in the capital and address the selection controversies surrounding the senior and age-group teams.
