Economy and macroUpdated 5h ago

India’s goods trade deficit hit a one-year high in October.

India’s goods trade deficit reached $39.88 billion in October, its highest level in a year, according to Asharq Al-Awsat. Bloomberg says festive-season demand and higher oil prices pushed imports up, widening the gap. So this wasn’t just a seasonal bump: costlier oil was part of the rise too. Bloomberg says the increase in imports adds to challenges for the rupee after a year of sharp losses.

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