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Govt cuts raw jute stock limits as prices rise above MSP, traders and mills face stricter norms

TRQ is a quota for a volume of imports that will enter India at specified or nil duty, but after the quota is reached, the normal tariff applies to additional imports.

Govt to discontinue import of crude soybean oil under tariff rate quota from next fiscal

In August, the outbound shipments rose marginally by 1.62 per cent to USD 33.92 billion, while the trade deficit more than doubled to USD 27.98 billion due to increased crude oil imports.

India's exports dip by 3.52% to $32.62 billion in September; trade deficit widens to $27.72 billion

Brent crude futures dropped 74 cents, or 0.8%, to $94.18 a barrel by 0039 GMT.&nbsp;

Oil slides further, falls below $95 per barrel amid recession fears

Besides CAD,&nbsp; rise &nbsp;in crude prices can also impact inflation and fiscal deficit, says the report.

Income Tax changes to subsidy: What will determine inflation when crude surge upsets economy? RBI says this

While gold imports in India rose three-fold during April, crude oil imports further grew by 30% putting more pressure on out trade deficit.

Growth in gold, crude oil imports sees three-fold rise in India's trade deficit

India's crude oil imports from Iran rise 336% in October 

India's crude oil imports touch 7-year high at 18.81 MT in August 