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Home News Item Trade deficit likely narrowed further in June amid cooling oil prices, sluggish gold imports: Report
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Trade deficit likely narrowed further in June amid cooling oil prices, sluggish gold imports: Report

juli 13, 2025by Reacties uitgeschakeld voor Trade deficit likely narrowed further in June amid cooling oil prices, sluggish gold imports: Report

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New Delhi [India], July 13 (ANI): India’s merchandise trade deficit likely narrowed modestly to USD 20.7 billion in June 2025, down from USD 21.9 billion in the previous month, driven by easing crude oil prices, muted gold imports, and a shift in sourcing strategy that helped offset global commodity volatility, said a report by Union Bank of India (UBI).

The report added that a sharp but temporary decline in glo

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