India's trade gap: Merchandise deficit eases to $20 billion...

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India's trade gap: Merchandise deficit eases to $20 billion June; helped by falling oil, gold imports

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India's merchandise trade gap saw a slight decrease to $20.7 billion in June 2025, primarily due to lower crude oil prices and reduced gold imports. Strategic sourcing, including increased oil purchases from Russia and the US, helped mitigate the impact of global commodity price fluctuations.

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