New Delhi: Even as merchandise exports are expected to remain under pressure due to a slowing global economy, imports are also likely to cool off from here on as crude prices come down amid concerns of a weak global demand along with lower gold imports, says Sujan Hajra, Chief Economist and Executive Director at Anand Rathi Shares and Stock Brokers. This, along with the services surplus due to falling imports, is likely to indicate that the current account balance can improve in the near term. Improved trade balance along with better capital flows will be a positive for the rupee, Hajra said in a report. Trade deficit improved for the second consecutive month in December 2023 on the back o
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