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India corrects $5 billion overestimation in November gold imports, reducing trade deficit.
India revised its November gold imports downward by $5 billion, from $14.86 billion to $9.84 billion, due to a calculation error that counted imports twice.
This revision is expected to reduce India's trade deficit and support the Indian rupee.
Despite the correction, India's gold imports remain high, totaling $47 billion for the first 11 months of 2024, driven by demand during festive and wedding seasons.
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La India corrige la sobreestimación de 5.000 millones de dólares en las importaciones de oro en noviembre, reduciendo el déficit comercial.