Rupee at risk of 88.8 as gold imports spike – What it means for your money (Soban News)

The spike is overwhelmingly due to festive-linked gold imports that will normalise. A strong services surplus, lower oil prices, and an improving tariff outlook mean India’s CAD will likely fall below​The spike is overwhelmingly due to festive-linked gold imports that will normalise. A strong services surplus, lower oil prices, and an improving tariff outlook mean India’s CAD will likely fall below ​Latest News [ SOBAN NEWS: International and National ]