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Narrower Trade Gap Helps Indian Rupee Log Gains

February 11, 2014 at 12:55 by Vladimir Vyun

Many INR billsThe Indian rupee gained today as India’s trade balance deficit narrowed last month, damping the exchange rate volatility and making the nation’s economy more attractive for investors.

India’s exports rose 3.8 percent and imports fell 18 percent in January. As a result, the trade gap shrank from $10.1 billion in December to $9.92 billion last month. Tomorrow’s reports about inflation and industrial production are also expected to be positive.

USD/INR was down from 62.32 to 62.15 as of 12:55 GMT today.

If you have any questions, comments, or opinions regarding the Indian Rupee, feel free to post them using the commentary form below.

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