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An explainer describes India's balance of payments as a ledger of transactions with the rest of the world, linking the current account, forex reserves and the rupee exchange rate. It cites RBI data showing a current account deficit of 1.2% of GDP for April to December 2021.
A widening current account deficit increases pressure on the rupee, which raises the dollar cost of imported feed ingredients for Indian buyers.
indianexpress.comUdit MisraApr 4, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
