The Indian economy released today its trade balance data, which recorded a deficit by more than market's forecasts during October, that's the biggest shortfall in 17 years, because of the global financial crisis that hurt Indian exports this quarter, adding more pressure on the nation's currency (Rupee).

Meanwhile, merchandise exports increased to $19.9 billion last month from a year earlier, while the nation's imports jumped 21.7% to $39.5 billion, causing a trade deficit of $19.6 billion in October.

On the other hand, the Indian currency is under pressure, which has retreated about 10% against the American dollar since January 01. Further, the Reserve Bank of India said last month that the rupee's weakness adds to pressure on inflation, which has stayed above 9 percent since the start of December.