Global demand & weak rupee drive 11.15% export growth in Sept

Pushed by a weak local currency and a recovery in global demand, India’s merchandise exports, compared with the same month last year, rose 11.15 per cent in September — the third straight month of double-digit growth rate — to stand at a six-month high of $27.68 billion. The country’s total imports, on the other hand, fell 18.10 per cent to a 30-month low of $34.43 billion, as the government compressed inbound shipments of precious metals and non-essential products.

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