India Trade Gap Expands to 10-Month High on Pricier Oil
- Rupee closes near to a record low after data release
- Domestic demand resilient in Asia’s third largest economy
A train carrying shipping containers in Navi Mumbai, Maharashtra, India.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
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India’s trade deficit widened to the most since October last year as higher oil prices and resilient domestic demand inflated the import bill.