Overview
- Government data show the merchandise trade deficit widened to $41.68 billion in October from $32.15 billion in September.
- The jump was led by precious metals, with gold imports at $14.72 billion in October versus $4.92 billion a year earlier, according to the Commerce Secretary.
- The outcome far overshot a Reuters‑polled forecast of a $28.8 billion deficit for the month.
- Exports fell 11.8% to $34.38 billion, while imports rose 16.63% to $76.06 billion in October.
- Analysts caution the larger gap could pressure the rupee and inflation, and reports say authorities are monitoring trade conditions as businesses adjust.