Commerce Secretary Anup Wadhawan said the current slowdown in exports is mainly due to a decline in petroleum products.
The directions for implementing recommendations will be issued in consultation with the central government and other regulators: RBI
Global funds no longer need quotas to buy Chinese stocks and bonds.
At the interbank foreign exchange, the rupee opened at 71.15 against the dollar and touched a high of 71.02 and low of 71.40.
RBI is also likely to release another report on housing finance securitisation by August-end.
Overall trade performance was prime influencer for both contraction in CAD for March quarter as well as a widening for the full year.
India is a leading tobacco exporter with exports of leaf tobacco and tobacco products contributing Rs 6,000 crore annually.
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