August 14, 2019 / 1:12 PM / 4 months ago

India's July trade deficit narrows to $13.43 bln - govt

NEW DELHI, Aug 14 (Reuters) - India’s trade deficit in July narrowed to $13.43 billion from $18.63 billion a year ago, the trade ministry said in a statement on Wednesday, helped by lower oil import bill.

Oil imports dived 22.15% to $9.60 billion in July from $12.33 billion in a year-ago period.

Merchandise exports rose 2.25% to $26.33 billion in July compared with a year earlier, while imports were down 10.43% at $39.76 billion, the data showed. (Reporting by Manoj Kumar, Editing by Sherry Jacob-Phillips)

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