India's current account deficit is expected to reach $105 billion this fiscal: BofA
Updated: 13 Jul 2022, 12:06 PM IST
TL;DR.The trade deficit in June widened to a record high of USD 25.6 billion, up from USD 24.3 billion in May. Meanwhile, Rupee hit a record low of 79.64 against the US dollar on Tuesday.
During Q1, oil exports jumped 88.1 per cent to USD 24.25 billion and non-oil exports inched up 11.8 per cent to USD 92.42 billion. Oil imports soared 94.3 per cent to USD 60.06 billion.