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FILE PHOTO – A worker sits on a ship carrying containers at Mundra Port in the western Indian state of Gujarat April 1, 2014. REUTERS/Amit Dave/File Photo
NEW DELHI (Reuters) – India’s trade deficit narrowed to $11.01 billion in October from $18.0 billion a year ago, the trade ministry said on Friday, helped by lower oil imports.
Oil imports fell 31.74% to $9.63 billion in October from $14.11 billion in the year-ago period.
Merchandise exports fell 1.11% to $26.38 billion in October compared with a year earlier, while imports were down 16.31% at $37.39 billion, the data showed.
Reporting by Manoj Kumar; Editing by Andrew Heavens
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