Overview
- The commerce minister said November merchandise exports rose by more than October’s decline, implying a net two-month gain.
- He disclosed no figures, and the Commerce Ministry scheduled the release of November export and import data for December 15.
- October exports fell 11.8% to $34.38 billion, while the trade gap hit a record $41.68 billion largely due to higher gold imports.
- The rupee slid to a record low of 90.15 per US dollar on Wednesday, raising inflation concerns.
- Goyal pointed to 8.2% Q2 GDP growth and low recent inflation and noted active FTA talks with the US, EU, New Zealand, Oman, Chile and Peru.