India's imports in September fell 18 percent to $34.44 billion, the lowest since March 2011. For September, the exports rose marginally to $27.68 billion as compared to $26.14 billion in the previous month.
As a result of lower imports and higher exports, trade deficit in September sharply fell to $6.76 billion as compared to $10.91 billion in the previous month.
Gold and silver imports continued to stay at very low levels in September. The gold and silver imports during the month were at 0.8 billion. The Indian government and the RBI had clamped down on gold imports as the rupee had slipped to record low levels.
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