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flag India's trade deficit for January 2025 narrows to $20.88B, influenced by reduced gold imports.

flag India's merchandise trade deficit is expected to have narrowed to $20.88 billion in January 2025, down from $21.94 billion in December 2024, according to Union Bank of India. flag The improvement is largely due to reduced gold imports amid high prices and the end of the festive season. flag However, the oil trade deficit slightly increased due to higher global crude oil prices, leading to greater imports.

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