India's November trade deficit narrows to $16.67 billion, exports up 0.8%-The Total Investment & Insurance Solutions

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14 December 2018

Trade Deficit (The Total Investment & Insurance Solutions)

November trade deficit narrowed to $16.67 billion due to a fall in gold imports, the country's trade ministry said in a statement on Friday. The Total Investment & Insurance Solutions

In October, the trade deficit was at $17.13 billion.

Gold imports fell 15.59 per cent to $2.76 billion in November, data showed.

The country's oil imports, however, increased in November to $13.49 billion, up 41.3 per cent from a year earlier, the data showed. The Total Investment & Insurance Solutions

India, the world's third-biggest crude importer, buys over 80 per cent of its oil from overseas markets.The Total Investment & Insurance Solutions