New Delhi, Oct 9 (KNN)  India’s trade deficit fell to a 30-month low in September to USD 6.76 billion as the exports were up by 6 per cent and imports down by 7.1 per cent.
The trade deficit was at USD 10.9 billion in August.

“The trade deficit for April-September 2013-14 was estimated at USD 80126.24 million which was lower than the deficit of USD 91819.99 million during April-September 2012-13,” according to an official statement.

Exports were up 6 per cent to USD 27.68 billion in comparison to USD 26.1 billion in August, imports were down 7.1 per sent to USD 34.44 billion in comparison to USD 37.05 billion. 

The trade deficit for the period April-September stood at USD 80.12 billion versus USD 91.82 billion year-on-year. The exports for the April-September period stood at USD 152.11 billion, up 5.14 per cent year-on-year. The imports for the same period were reported at USD 232.23 billion, down 1.8 per cent year-on-year. 

Gold and silver imports continued to stay at very low levels in September. Gold imports fell 82 per cent in September to USD 0.8 billion, compared to USD 4.5 billion in September last year.

The Indian government and the RBI have cut down on gold imports as the rupee had slipped to record low levels.

The government had hiked import duty on gold to 10 per cent and the RBI had also linked gold imports to jewellery exports. (KNN/SD)