After surprise rate cut by the RBI, there’s is more good news in store for Indian investors. Data shows that December 2014 trade gap at 10-month low and may be heading towards a trade surplus.
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After surprise rate cut by the RBI, there’s is more good news in store for Indian investors. Data shows December 2014 trade deficit at 10-month low with further hope that imports will continue to decline. Trade deficit during December fell sharply to USD 9 billion from USD 16.8 billion in November 2014.
While exports for the month came in at USD 25.40 billion from USD 25.96 billion in November, imports declined to USD 34.83 billion from USD 42.82 billion in the previous month.
Camparing with year ago period, December exports were 3.77 percent lower at USD 25397.74 million. December 2014 imports came in at USD 34832.56 million, which was 4.78 percent lower over December 2013.