India’s trade gap narrows

Published November 2, 2007

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