India's goods trade deficit hits 6-month high as imports rise amid Middle East conflict
NEW DELHI: India’s merchandise trade deficit widened more than expected to a six-month high of $31.98 billion in July, as the Middle East war drove up the country’s oil import bill and global freight rates. The data underscores the growing pressure on India’s external balance, as a wider trade gap weighs on the rupee and capital inflows. A Reuters poll of economists expected the merchandise trade…
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