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India trade deficit affects rupee: Economic Survey

India trade deficit affects rupee: Economic Survey

Jul 09, 2014, at 08:11 pm

New Delhi, July 9 (IBNS) The Economic Survey 2013-14, presented Wednesday in the Lok Sabha by Union Finance Minister Arun Jaitley, has noted that as India had a large trade deficit in the first quarter, negative market perceptions led to sharper outflows in the foreign institutional investors (FIIs) investment debt segment, leading to 13.0 per cent depreciation of the rupee between May 2013 and August 2013.

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India trade deficit affects rupee: Economic Survey Wed, Jul 09 2014