India's trade deficit hits 10-month low of $13.08 bn in December
The country's trade deficit narrowed to a 10-month low of $13.08 billion in December, compared with $14.20 billion in the year-ago period. Lower crude oil prices and falling gold demand reduced the burden on the import bill. Merchandise exports rose just 0.34% from a year earlier to $27.93 billion, while imports fell 2.44% to $41.01 billion during the month.