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India’s August trade deficit narrows to $13.45 billion: Govt
Oil imports fell 8.90% to $10.88 billion in August from $11.94 billion in a year-ago period.
Updated on: Sep 13, 2019, 19:51:03 IST
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India’s trade deficit in August narrowed to $13.45 billion from $17.92 billion a year ago, the trade ministry said in a statement on Friday, helped by lower oil import bill.
Oil imports fell 8.90% to $10.88 billion in August from $11.94 billion in a year-ago period.
Merchandise exports fell 6.05% to $26.13 billion in August compared with a year earlier, while imports were down 13.45% at $39.45 billion, the data showed.
(The story has been published from a wire feed without any modifications to the text)
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