India revises gold and silver import figures: Trade deficit narrowed
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Data for November gold imports was revised to $9.84 billion, from the $14.86 billion announced last month, narrowing the trade deficit for the month to $32.8 billion, from the record $37.8 billion estimated earlier.
The high trade deficit had sparked concerns and contributed to the weakening of the rupee against the dollar.
According to the latest data by the Directorate General of Commercial Intelligence and Statistics (DGCIS), even after the downward revision, gold imports in November are up 186% from a year ago.
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