Trade deficit shrinks to $8.13 billion in February

Trade deficit narrowed in February on a sharp fall in imports, which would further ease pressure on the current account balance. The trade deficit stood at $8.13 billion, more than 40 percent lower from a year ago, the data released by the trade ministry showed on Tuesday. Imports continued to fall, driven by a decline in oil import bill and curbs on gold, the country's second-most expensive overseas purchase after oil. Me...