Indian rupee hits record 96 per US dollar on oil
NewsBytes | May 15, 2026 8:40 PM CST
India trade deficit $28.4 billion
Imports have made imports costlier and pushed India's trade deficit to $28.4 billion last month.
Prices are rising too: wholesale inflation hit its highest in over three years, and economists expect consumer inflation around 4% after recent fuel price hikes.
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