Economic dataBusinessLine
India's October trade deficit rose to $39.88 billion
Negative-6411 sources
GreyOak summary
India's merchandise trade deficit reached a one-year high of $39.88 billion in October, surpassing the $32.25 billion forecast. While exports rose to $49.47 billion, imports surged to $89.35 billion, driven by higher oil costs linked to Middle East conflicts. Brent crude prices fell to $92 per barrel, offering some relief as markets anticipate war de-escalation.
What it affects
- Trade and current accountNegative -64
Trade deficit hit one-year high of $39.88BRolling sentiment Neutral +7
