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No recovery yet: Trade deficit aggregates at $15.36 billion in May

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Merchandise exports grew just 3.9% y-o-y in May, against 0.6% in April, while imports inched up by 4.3%, inflating trade deficit to a six-month peak of $15.36 billion.

But what offers some relief to policy-makers is that excluding petroleum and gems & jewellery, exports grew 7.4% in May. Non-oil and non-gold imports, however, shrank 1.3%.

Source: Financial Express