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Money News

India's August trade deficit narrows to $13.45 billion

Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust (JNPT) in Mumbai, July 15, 2015. REUTERS/Shailesh Andrade/File Photo

NEW DELHI (Reuters) - India’s trade deficit in August narrowed to $13.45 billion from $17.92 billion a year ago, the trade ministry said in a statement on Friday, helped by lower oil import bill.

Oil imports fell 8.90% to $10.88 billion in August from $11.94 billion in a year-ago period.

Merchandise exports fell 6.05% to $26.13 billion in August compared with a year earlier, while imports were down 13.45% at $39.45 billion, the data showed.

Reporting by Manoj Kumar; editing by Uttaresh.V

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