India’s trade deficit jumped in October after having fallen to a two-and-a-half-year low the previous month, as overseas purchases of gold picked up ahead of the festival season, provisional government data showed on Monday.
The deficit for the month stood at $10.56 billion, compared with $6.7 billion in September, the trade ministry said.
Merchandise exports rose 13.47 percent year-on-year in October to $27.27 billion. Imports fell 14.5 percent year-on-year to $37.83 billion.
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