India's trade deficit took a turn for the better in September, falling to a 30-month low of US$6.76 billion. Credited were an 11.15% year-on-year rise in exports and lower imports. "I am quite confident that import-containment measures put in place for nonessential imports are playing out extremely well, and we need to continue this so that our rupee becomes stronger," said Commerce Secretary S.R. Rao.

Full Story:
The Hindu (India)

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