India's services exports, imports in October fall on sequential basis

India's services exports and imports in October fell from the previous month, data from the central bank showed today.

Services exports in October stood at $25.38 billion, down from $28.03 billion in September, Reserve Bank of India's data showed. Services imports in October slipped to $13.49 billion from $16.12 billion a month earlier.

However, services exports and imports rose 24.6% and 15.9%, respectively, from the year-earlier period.

The monthly data on services are provisional and are likely to undergo revision when the Balance of Payments (BoP) data are released on a quarterly basis.