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Exports contract over 12% in June
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SME Times News Bureau | 15 Jul, 2020
The contraction in India's exports narrowed down further in June, as merchandise exports stood at $21.91 billion.
Accordingly,
the contraction caused by Covid-19 pandemic narrowed down to ( -) 12.41
per cent in June on a year-on-year basis from a (-) 36 per cent fall
reported for May.
On a YoY basis, the country's exports fell
during the month under review to $21.91 billion from $25.01 billion
reported for the corresponding period of the previous year.
In terms of sequential movement, the country's merchandise exports in May had stood at $10.36 billion.
"Major
commodity groups which have recorded positive growth during June 2020
vis-a-vis June 2019 are iron ore, oil seeds, rice, oil meal, spices,
other cereals, organic and inorganic chemicals, cereals preparations and
miscellaneous processed items, fruits and vegetables, drugs and
pharmaceuticals, tobacco and coffee," the Ministry of Commerce and
Industry said in a statement.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
₹95.3
|
₹93.6 |
UK Pound
|
₹127.7
|
₹123.7 |
Euro
|
₹110.65
|
₹106.9 |
| Japanese
Yen |
₹59.75 |
₹57.9 |
| As on 24 Jun, 2026 |
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