India's current account deficit likely jumped to a near-decade high: Report
Updated: 16 Sep 2022, 12:37 PM IST
TL;DR.The rupee has depreciated around 7% against the greenback since January 2022, it lost around 20% during the taper tantrum crisis of 2013 when the U.S. Federal Reserve suddenly cut its government bond purchases.
The trade deficit in August widened to a high of USD 29.98 billion, up from $11.71 billion during the corresponding period of last year. India's trade deficit widened to a record $30 billion in July.