Indias merchandise trade deficit narrowed to a nine month low of $ 17.5 bn in January compared to $ 19.8 billion in December 2023. Service surplus surged to $16.8bn in January versus $16.0bn surplus in December.
The rupee appreciated 17 paise to 82.17 against the US dollar today as foreign capital inflows and a rally in domestic stocks bolstered investor sentiment.
The Reserve Bank of India announced a slew of measures on Wednesday to bring in a fistful of dollars, including allowing overseas investors to buy short-term corporate debt and opening of more government securities under the fully accessible route, , reserve bank of india, reserve bank of india, forex inflows, forex inflows, rupee stabilisation, rupee stabilisation