January trade deficit shrinks to $9.92 billion

India's trade deficit narrowed in January, helped by a 77 percent drop in imports of gold and silver while exports ticked up, improving the outlook for the country's fragile current account balance. The trade ministry said it had recommended easing curbs on gold imports, prompted by the brighter trade picture. The trade deficit stood at $9.92 billion last month compared with $10.14 billion in December, a trade ministry offici...