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    India's trade deficit narrows to $6.77 billion in August, exports fall 12.66%

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    Contracting for the sixth straight month, India's exports slipped 12.66 per cent to USD 22.7 billion in August, on account of decline in the shipments of petroleum, leather, engineering goods and gems and jewellery items, according to the government data released on Tuesday. The country's imports too declined 26 per cent to USD 29.47 billion in August, leaving a trade deficit of USD 6.77 billion, compared to a shortfall of USD 13.86 billion in the same month last year, as per the data.

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