scorecardresearchIndia's current account deficit is expected to reach $105 billion this fiscal: BofA

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. 

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.