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Trade deficit widens to record $26.18 bn amid rise in imports of items

Trade deficit was higher than anticipated in June, as it widened to a record high of $26.18 billion amid a rise in imports of items, such as crude oil, gold and coal. Imports jumped 57.55 per cent to a record $66.31 billion.

Even as exports grew 23.52 per cent year-on-year to $40.13 billion in June, economists expect a slowdown in exports due to the weak outlook for the global economy.


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First Published: Fri, July 15 2022. 00:39 IST



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