India''s exports grew by 26.82 per cent in November 2007 to $12.42 billion, a respectable increase in the face of a costlier rupee, but was slower than the 35 per cent growth recorded in the previous month. Imports in November surged by 29.26 per cent to $19.83 billion from $15.34 billion leaving a wider trade deficit of $7.4 billion against $5.5 billion. The impact of a sharp appreciation of Indian currency against the dollar was visible in the mere 11.51 per cent export growth in rupee terms in November at Rs 49,000.16 crore.
For the April-November period of the current fiscal, exports were valued at $98.38 billion showing a growth of 22.08 per cent over a comparable period of 2006-07.
The Indian currency has appreciated 9.7 per cent against the US dollar, the main invoicing currency for trade, between April 3 and November 20 this year. It has risen 15.1 per cent in the 12 months from October 2006.
For the April-November period of the current fiscal, exports were valued at $98.38 billion showing a growth of 22.08 per cent over a comparable period of 2006-07.
The Indian currency has appreciated 9.7 per cent against the US dollar, the main invoicing currency for trade, between April 3 and November 20 this year. It has risen 15.1 per cent in the 12 months from October 2006.
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