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India's trade deficit narrows to $13 billion in June

Reuters  |  NEW DELHI 

(Reuters) - India's deficit narrowed more-than-expected to $12.96 billion in June as gold nearly halved from a month earlier, data showed on Friday.

Economists in a poll had predicted that deficit would decline to $12.5 billion in June compared with a provisional $13.84 billion in the previous month.

Gold declined to $2.45 billion from almost $5 billion a month ago.

Merchandise exports for June came in at $23.56 billion, up 4.39 percent from a year ago. Goods for the month were $36.52 billion, up 19.01 percent from a year ago, data from the commerce and industry ministry showed.

(Reporting by Manoj Kumar; Editing by Malini Menon)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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