Economic dataBusiness Today
India's $40bn trade deficit raises rupee concerns
Negative-53
GreyOak summary
India's merchandise trade deficit widened to $40 billion in October 2026, driven by a $5 billion increase in gold imports. The rupee weakened 0.3% to 94.24 against the dollar as crude oil pressures offset foreign inflows.
What it affects
- Trade and current accountNegative -53
Merchandise trade deficit widened to $40Bn.Rolling sentiment Positive +22
- Axis BankAXISBANKPositive +27
Axis Bank sees limited rupee pressure.Rolling sentiment Neutral +8
Source
Read the original at Business TodayMore Axis Bank news
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