Goyal Says November Exports Rebounded, With Official Data Due Dec. 15

Markets await the November trade report after October’s record deficit widened on a surge in gold imports.

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.