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.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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