India's trade deficit narrows to $11.45 billion in July

Reuters  |  NEW DELHI 

(Reuters) - India's deficit narrowed to $11.45 billion in July from a month ago, following a slowdown in merchandise imports, data showed on Monday.

The shortfall was $12.96 billion in June.

Asia's third-largest imported goods worth $33.99 billion last month, up 15.42 percent from a year ago. The figure was lower than of $36.52 billion in June.

Gold imports, however, in July nearly doubled from last year to $2.1 billion. Merchandise exports for July came in at $22.54 billion, up 3.94 percent year-on-'

year.

(Reporting by Rajesh Kumar Singh)

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