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India’s trade deficit widens to $26.91 billion

New Delhi: Data released by the Union government revealed that the trade deficit in October widened to $26.91 billion. The trade deficit in September was at $25.71 billion. Trade deficit is the difference between imports and exports of the country.

Also Read: State Bank of India hikes processing fee for these transactions 

India’s merchandise exports fell to $29.78 billion from $35.45 billion in the previous month, while imports declined to to $56.69 billion from $61.16 billion in the same period.



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