Runaway depreciation of rupee unlikely, USD/INR to trade in 78-81 range

Our trade deficit this fiscal is tracking 8 per cent of GDP on account of higher crude prices (India imports 85 per cent of its crude oil requirement). Our trade deficit is usually around 5-5.5 per cent of GDP.

Runaway depreciation of rupee unlikely, USD/INR to trade in 78-81 range
Our trade deficit this fiscal is tracking 8 per cent of GDP on account of higher crude prices (India imports 85 per cent of its crude oil requirement). Our trade deficit is usually around 5-5.5 per cent of GDP.