India's trade deficit narrows to $11.45 billion in July

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Reuters NEW DELHI
Last Updated : Aug 14 2017 | 6:23 PM IST

NEW DELHI (Reuters) - India's trade deficit narrowed to $11.45 billion in July from a month ago, following a slowdown in merchandise imports, government data showed on Monday.

The trade shortfall was $12.96 billion in June.

Asia's third-largest economy imported goods worth $33.99 billion last month, up 15.42 percent from a year ago. The figure was lower than imports of $36.52 billion in June.

Gold imports, however, in July nearly doubled from last year to $2.1 billion. Merchandise exports for July came in at $22.54 billion, up 3.94 percent year-on-'

year.

(Reporting by Rajesh Kumar Singh)

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First Published: Aug 14 2017 | 6:02 PM IST

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