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India's December trade deficit at $10.14 billion

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India's December trade deficit at $10.14 billion
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.

GoodReturns.in

Story first published: Friday, January 10, 2014, 12:09 [IST]
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