Exports dip 9.9 pct in November

Reuters
Posted: Thursday, Jan 01, 2009 at 1400 hrs IST
Updated: Thursday, Jan 01, 2009 at 1400 hrs IST

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Inflation challenging economy: Gokarn Rupee down 10 paise at 46.57 a dollar Dollar influx hurting exports: FIEO

New Delhi: India's exports fell an annual 9.9 per cent in November to $11.5 billion, government data showed on Thursday, a second consecutive drop as the global slowdown slashes demand.

The trade deficit narrowed to $10.07 billion in November compared with $10.54 billion in October.

Imports were up an annual 6.1 per cent at $21.57 billion in November, while oil imports rose 11.9 per cent during the month from a year earlier to $7.25 billion.

Exports during April to November were up 19.4 per cent at $119.3 billion from a year earlier, while the trade deficit during the period stood at $84.34 billion, from $53.2 billion a year ago.

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