Gold imports doubled to record high of $10.06 bn in August

Gold imports more than doubled in August to a record high of $10.06 billion, mainly on account of a drastic cut in customs duty and ongoing festive demand, according to the Commerce Ministry data.......

India records 0.6% current account surplus in Q4

India recorded a current account surplus of $5.7 billion or 0.6 per cent of GDP in the March quarter, the Reserve Bank of India said on Monday. Illustration: Dominic Xavier/Rediff.com This is the......

CAD may dip in Q4 as net exports hit 11-quarter high

India’s current account deficit (CAD) may dip further in the March quarter of FY24 as pressure from the negative net exports during the January-March period eased to an 11-quarter high.......

India's oil import bill could swell to $101-$104 bn in FY25: ICRA

India's net oil import bill could widen to $101-104 billion in current fiscal from $96.1 billion in 2023-24 and any escalation in the Iran-Israel conflict could impart an upward pressure on the......