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India Hits Record Trade Deficit in June; Pressure Mounting on the Rupee

India’s June trade deficit widened to a record $25.63 billion, pushed by a rise in crude oil and coal imports, from $9.61 billion a year ago, adding to fears of further pressure on the rupee. ....

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Detailed text TV channel - CNN - November 21, 2018:07:14:00

One of the key factors contributing the fact that we ve just seen all the gains from the statement in the u.s. just be wiped out? one of the things that is happening is the old price that looked like it was going to strengthen is now of course falling again. it s still quite high compared to where it was a little while ago. but there it is. signs of concern about whether there is a nervous supply, whether the world economy slowdown is going to mean that we don t neath need as much oil as perhaps is being produced right now. that s another cater that of. if you look at what s happened to the. s, of course, in the u.s., oil stocks suffered. but we re seeing a much wider decline, which is also affecting tech stocks in particular, poered about regulation perhaps coming. everyone has been talking about first of all taxing some of the profit a lot more internationally that the service companies are making. and the second thing is whether there should be more regulating in terms of have the ....

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