Moneycontrol
Get App
Last Updated : Mar 15, 2019 06:25 PM IST | Source: Reuters

India's February trade deficit narrows to $9.60 billion

In February, merchandise exports rose 2.44 percent from a year earlier to $26.67 billion, while imports were down 5.41 percent to $36.26 billion, data showed.

Representative image
Representative image

India's trade deficit narrowed to $9.60 billion in February, dragged down by a fall in gold and oil imports, the trade ministry said in a statement on Friday.

Trade deficit was $14.73 billion in January.

In February, merchandise exports rose 2.44 percent from a year earlier to $26.67 billion, while imports were down 5.41 percent to $36.26 billion, data showed.

Close
Gold imports in February fell 10.81 percent year-on-year to $2.58 billion, compared to $2.90 billion during the same month a year ago.

Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more.
First Published on Mar 15, 2019 06:22 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant