India's December trade deficit at $10.14 billion

Business

oi-Sunil

By Sunil Fernandes

Published: Friday, January 10, 2014, 12:09 [IST]

India's trade deficit rose marginally to $10.14 billion for the month of December, as against $9.22 billion for the month of November.

Imports fell 15.3 per cent for the month of December in comparison to November.
Imports fell to $36.49 billion.

December exports were modest due to lower petro products shipping. Gold and silver imports were placed at $1.77 billion as against $1.05 billion, month on month. The trade Secretary said that it was up to the government to decide on easing of gold imports.

Crude imports increased for the month of December to $13.89 billion.

Trade deficit has been one of the worries for the government as it pushes the current account deficit higher. This leads to pressure on the Indian currency.

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