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flag India corrects $5 billion overestimation in November gold imports, reducing trade deficit.

flag 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. flag This revision is expected to reduce India's trade deficit and support the Indian rupee. flag 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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