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​Rupee falls 4 paise to 79.88 against US dollar in early trade

MUMBAI: The rupee depreciated 4 paise to 79.88 against the US dollar in opening trade on Tuesday tracking a strong American currency and risk aversion in domestic markets. At the interbank foreign exchange, the rupee opened at 79.85 against the dollar, then fell to 79.88, registering a decline of 4 paise over the last close. …

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Trade with US, China: PHDCCI calls for mass production of commodities

India should focus on mass production of commodities in which it has a comparative advantage over its top-two trading partners — the US and China — the PHD Chamber of Commerce and Industry (PHDCCI) said in a report. According to the industry body, India has a lot of potential to export …

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US Taiwan Trade: U.S., Taiwan to start formal trade talks under new initiative

The United States and Taiwan on Wednesday agreed to start trade talks under a new initiative, saying they wanted to reach agreements with “economically meaningful outcomes”, in another sign of stepped up U.S. support for the island. Washington and Taipei unveiled the U.S.-Taiwan Initiative on 21st-Century Trade in June, just days after the Biden administration …

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Trade deficit at record $30 billion in July; exports hits five-month low

India’s trade deficit widened to a record $30 billion in July as exports grew at a much slower pace compared to imports, data released by the commerce and industry ministry showed on Friday. Merchandise exports declined to a five-month low of $36.27 billion in July but witnessed a marginal increase of …

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India’s exports up 2.14% in July; trade deficit widens to $30 billion

India’s exports rose by 2.14 per cent to $36.27 billion in July while the trade deficit almost tripled to $30 billion during the month, according to official data released on Friday. Imports shot up by 43.61 per cent to $66.27 billion in the month compared to July 2021, the data showed. …

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