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November 02, 2007
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Friday
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Shawwal 20, 1428
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India’s trade gap narrows
NEW DELHI, Nov 1: India’s trade deficit narrowed by almost $2 billion in September from a year ago as exports surged despite strong rupee gains against the dollar, the government said on Thursday.
The trade gap for September was $4.42 billion, compared to 6.09 in the same month a year ago as exports rose 19.26 per cent to $12.79 billion while imports gained a modest 2.31 per cent to $17.21 billion, official data showed.
India’s rupee has climbed more than 12 per cent against the dollar.—AFP
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