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India Imports
Mineral fuels, oils and waxes, and bituminous substances account for 27% of India's primary imports, followed by pearls, precious and semi-precious stones, and jewelry which account for 14%, electrical machinery and equipment which account for 10%, nuclear reactors, boilers, machinery, and mechanical appliances which account for 8%, and organic chemicals which account for 4%. India's biggest trading partners are China (16% of total imports), the United States (6%), the United Arab Emirates (6%), Saudi Arabia (5%), and Switzerland (5%).
A higher than expected figure should be seen as positive (bullish) for the INR while a lower than expected figure should be seen as negative (bearish) for the INR.
News (INR)
India Inflation Weakest In 7 Months
India's consumer price inflation slowed to a seven-month low in February as food price growth hit the lowest in nearly two years, raising expectations of interest rate cuts over coming months. Consumer price inflation eased to 3.61 percent in February from 4.26 percent in January, official data revealed on Wednesday. This was the lowest since July 2024.
RTTNews | 7 days ago
India Inflation Weakens More Than Forecast To Lowest Level In 5 Months
India's consumer price inflation slowed more than expected to a five-month low in January reinforcing expectations that the Reserve Bank of India will reduce interest rates further. The consumer price index registered an increase of 4.31 percent on a yearly basis in January, weaker than the 5.22 percent rise logged in December, official data revealed on Wednesday.
RTTNews | 35 days ago
India Cuts Interest Rates For First Time Since 2020
The Reserve Bank of India reduced its key interest rates for the first time in nearly five years as the newly appointed governor prioritized providing impetus to economic growth than containing inflation and, underlined that the bank does not target any exchange rate level for the rupee. The 6-member RBI Monetary Policy Committee, headed by Governor Sanjay Malhotra, decided to lower the policy
RTTNews | 40 days ago
